Revolutionize Global Business: Strategic Purchasing for Maximum Impact!
The article discusses the importance of purchasing and supply management in businesses. It covers topics such as developing purchase order procedures, strategic purchasing initiatives, building relationships with suppliers, and negotiating effectively. The researchers emphasize the need for a global vision and the strategic approach to inventory management. They also address cost reduction techniques, legal issues in buying, and transportation strategies to reduce logistics costs. The key findings highlight the significance of buying from the right supplier, ensuring quality, and buying at the right price to improve overall purchasing performance.