Purchasing & Supply Chain Management 7th Edition by Robert M. Monczka Solution manual
Purchasing as a largely clerical function
The Global Era (Late 1970s – 1999)
- Inadequacies of materials management during times of severe economic recession
- Rise of total quality management
- Intense global competition
- Global firms building market share vs. American firms
- Technology changed purchasing’s work environment
- Shorter product life cycles
- Emerging Internet
Integrated Supply Chain Management and Technology (2000 – 2025)
- Importance of managing the best suppliers
- Cooperative relationships
- Enabling innovation in the supply base
- Use of full-service suppliers
- Automation of tactical processes
- Global scope to coordinate
