Topic: purchasing strategy. Details: Answer the following questions. Q1: How do you think that a procurement strategy can be directly linked to the organization’s strategy and long-term business plan? Q2: Your Sales Director has said that your products are now uncompetitive in world markets, and a cost reduction of 20 per cent is required on purchased goods and services. The existing purchasing strategy is such that only European suppliers are used. How would you approach the existing strategy and formulate an alternative?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
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Topic: purchasing strategy. Details: Answer the following questions. Q1: How do you think that a procurement strategy can be directly linked to the organization’s strategy and long-term business plan? Q2: Your Sales Director has said that your products are now uncompetitive in world markets, and a cost reduction of 20 per cent is required on purchased goods and services. The existing purchasing strategy is such that only European suppliers are used. How would you approach the existing strategy and formulate an alternative?
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