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MNP3701 Assignment 1 Semester 1 2023{211581}

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 acqui... sition process with organizational goals and strategies and ensures short and long term value for funds spent -the supply function and suppliers is critical for - -the organization's success, competitive advantage, and customer satisfaction -to increase long-term shareholder value, the company must - -increase revenue, decrease costs, or both -Negotiation is receiving - -increasing emphasis, as opposed to competitive bidding -Longer term contracts are replacing - -short-term buying techniques -E-commerce tools - -permit faster and lower-cost solutions [Show More]

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