MKT 2210 Lecture Notes - Total Quality Management, Value Engineering, Business Process
29 Apr 2013
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Document Summary
Upgrade purchasing today competitive pressure have led many companies to transform their old-fashioned. Purchasing departments, with an emphasis on buying at the lowest cost, to procurement departments, with a mission to seek the best value from fewer and better suppliers. Centralized purchasing gives the company more purchasing influence, which can produce substantial saving. For the business market, this means dealing with fewer high-level. Instead of using regional sales force to sell to a large buyer"s separate plants, today seller may use, national account sales force. Businesses around the world has adopted several innovative manufacturing concepts, such as just-in-time production (jit), value analysis, total quality management, and flexible manufacturing. Just-in-time means that production materials arrive at the customers factory exactly when needed for production, rather than being stored by the customer until used. It calls for close coordination between the production schedule of supplier and customer so that neither must carry much inventory.
