Published by:
Harvard Business Publishing
Length: 12 pages
Abstract
Threats of resource depletion and raw materials scarcity, political turbulence and government intervention in supply markets, intensified competition, and accelerating technological change can upset supply and demand patterns suddenly. Companies must shift their perspective from purchasing (an operating function) to supply management (a strategic one) to ensure continued supply of materials. Companies must integrate purchasing with other elements of the business system.
About
Abstract
Threats of resource depletion and raw materials scarcity, political turbulence and government intervention in supply markets, intensified competition, and accelerating technological change can upset supply and demand patterns suddenly. Companies must shift their perspective from purchasing (an operating function) to supply management (a strategic one) to ensure continued supply of materials. Companies must integrate purchasing with other elements of the business system.