Section 3: Purchasing Trends of the Future

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Successful Supplier Management Maximizes Shareholder Value . Patterns. . OPPORTUNITIES. Viable Supplier Management Maximizes Shareholder Value . . Patterns. . OPPORTUNITIES. Suggestions Going Forward. Redesign corporate structure to viably oversee new inventory network initiativesIntegration of various orders into cross-practical obtainment groups Creation of base framework to manag

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´╗┐Part 3: Purchasing Trends of the Future Benny Miao John Romano Stephen Strohecker

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Virtual Supply Chain Extract wasteful aspects from the current inventory network Source Development Coordinate key goals with providers Competitive Bidding Ensures showcase estimating Outsource strategic acquisition purchases Effective Supplier Management Maximizes Shareholder Value TRENDS OPPORTUNITIES

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Strategic Supplier Alliances Creating win-win provider purchaser connections Negotiation Strategy Focus on cost as opposed to value Complexity Management Ensures individuals and procedures are adjusted toward vital production network destinations Effective Supplier Management Maximizes Shareholder Value TRENDS OPPORTUNITIES

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Implications Going Forward Reorganize corporate structure to viably oversee new store network activities Integration of different orders into cross-utilitarian obtainment groups Creation of foundation framework to deal with the move and usage of the new production network

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Challenges to Implementation Establishing correspondence channels to allow the free stream of data between provider & purchaser. Getting administration duty and "purchase in" to the new business handle. Training of inside and outside clients of the objectives and advantages related with creating compelling provider administration

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