there is a growing emphasis on strategic supply management processes and less on purchase transactions.

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07-09-2022
Business

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there is a growing emphasis on strategic supply management processes and less on purchase transactions.

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qwlilly qwlilly · Answer 1 · 2022-09-12T23:06:43-04:00

This statement is true. As there is the growing emphasis on the strategic supply management processes and less on the purchase transactions.

Effective interpretation of corporate and supplier objectives, selection of appropriate actions to achieve objectives and integration of inventory information into organizational strategies. hiring professionals trained specifically in supply management, providing them with technical knowledge and long-term leadership development. emphasizing strategic cost management, engaging key suppliers early in the process, and measuring reductions in total cost of ownership. Supply management has evolved from a process-oriented, strategic function to a transactional, tactical function. The reduction in inventory investment comes primarily from users reducing their demand for stocked items. Therefore the statement is true.

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