Mnp3701 - Study guides, Class notes & Summaries

Introduction to Purchasing and Supply Chain Management – Chapter 1 Chapter Overview  A new competitive environment  Why purchasing is important  Understanding the language of purchasing and supply chain management  The supply chain umbrella  Four enablers of purchasing and supply chain management  The evolution of purchasing and supply chain management  Looking ahead A New Competitive Environment  Increasing numbers of world-class competitors  Sophisticate...

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MNP3701 – Strategic Sourcing SU 1 CH 1: Intro to Purchasing & Supply Chain M (P& SCM) 1.1 New Competitive Env  Incr numbers of world-class competitors (domestically & internationally)  Forced orgs to improve internal process  Sophisticated cust (industrial & cons) demand price reductions  Info available over internet alters balance btwn buyers & sellers  Abundance of comp & choice have cond cust to want higher quality, faster delivery & tailored prods  Social media s...