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MNP3701 Assignment 1 Semester 1 2023 level Questions and Answer

sourcing - -all of firm's activities used to manage external resources -strategic sourcing - -managing the firm's external resources to support firm's long term goals -Drivers of Strategic Sourcing - -Reduce costs and delivery cycle times Improve quality and long-term financial performance Incre...

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MNP3701 Assignment 1 Semester 1 2023{211581}

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supply management - -purchasing=contracting=procurement=sourcing=strategic sourcing= ___________ -clerical, tactical - -in the early 20th century, purchasing was ______ and ______, focused on policies and procedures, availability of supply, and cost management -strategic, global, sustainabilit...

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MNP3701 Assignment 1 Semester 1 2023{211581}

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sourcing - -all of firm's activities used to manage external resources -strategic sourcing - -managing the firm's external resources to support firm's long term goals -Drivers of Strategic Sourcing - -Reduce costs and delivery cycle times Improve quality and long-term financial performanc...

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MNP3701 Assignment 1 Semester 1 2023{211581}

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Strategic Sourcing - -can be defined as an approach to supply chain management that formalizes the way information is gathered and used allowing an organization to leverage its consolidated purchasing power finding the best values in the marketplace. -Strategic Sourcing 2 - -Strategic sourcing re...

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supply management - --focused on the acquisition process recognizing the supply chain and organizational contexts -special emphasis on decision making that aligns the supplier network and the acquisition process with organizational goals and strategies and ensures short and long term value for fu...

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MNP3701 Assignment 1 Semester 1 2023{211581}

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7 Step Strategic Sourcing Process - -Spend analysis Supply Market Assessment Total Cost Analysis Supplier Identification/Evaluation Sourcing Strategy Supplier Negotiation/Selection Contract Management/Negotiation -Maverick Spend - -Spending in a supply category that is not under a strate...

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MNP3701 Assignment 1 Semester 1 2023 level Questions and Answer

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supply management - -the broad set of activities carried out by organizations to analyze sourcing opportunities, develop sourcing strategies, select suppliers, and carry out all the activities required to procure goods and services -global sourcing financial impacts - -profit leverage effect - ev...

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