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What are the importancce of procurement strategy in supply chain?

It will focus on the relationship between purchasing, procurement and supply chain management. Many high profile organizations in the United States have implemented an integrated strategic approach to purchasing and logistics management, which is known as supply chain management. As the 21st century began, supply chain management became a significant strategic tool for organizations striving to improve quality, customer service and competitive advantage. Gene Richter, a former chief procurement officer at IBM, developed a framework that defined four stages of maturity in the procurement function. His work allows procurements officials to understand what it means to be strategic in the purchasing/procurement/supply chain management process.


Which science tool could be used to reflect light?

A mirror is the science tool that can be used to reflect light. It is a smooth, shiny surface that reflects light rays in a predictable manner. Mirrors are commonly used in experiments and optical devices to redirect and focus light.


What are elements of a projects strategic framework?

success criteria; project definitions; strategic focus of projects


What is the path of the ray that approaches a mirror parallel to the principal axis?

It reflects out through the focus.


What has the author Stephen C Tweed written?

Stephen C. Tweed has written: 'Strategic Focus' -- subject(s): Competition, Strategic planning


Scope of strategic management?

Strategic management helps businesses focus on the overall direction of the organization. When a business operates strategically, their manager's decisions are competitive.


What is an example of a strategic decision that a company might make?

Examples of strategic decisions might be to focus efforts on a new product or to increase production output.


What does the strategic level of transportation focus on?

Movement of U.S. forces and equipment to SPOEs and from SPOCs


What does strategic level of transportation focus on?

Movement of U.S. forces and equipment to SPOEs and from SPOCs


Which types of ISs can gain strategic advantage and which cannot?

Information systems that can gain strategic advantage are those that enable firms to differentiate their products/services, achieve cost leadership, or focus on niche markets. Operational information systems that focus on day-to-day transactions and decision-making typically do not provide strategic advantage.


What is a strategic plan to focus on the young talented mathematical minds of Africa?

Next Einstein Initiative


Compare operational planning and strategic planning?

Strategic plans focus on advancing the business in its mission. It is what guides the business through its decisions and priorities. Operational plans focus on daily execution of the day to day functions. Often considered the business as usual stuff.