Purchasing product and services

Most businesses have a purchasing strategy, but few have a well-defined supply chain system. Working within one’s supply chain has many advantages, including aiding in strategizing procurement. If done correctly, this will foster a good relationship between the company and the supply chain. This adds a tremendous advantage because the bond will allow the two parties to collaborate on how to source responsibly. While one of the goals as a purchaser is to save money and stay within budget, it is also essential to understand contractual agreements.
Based on your experience, information within the required reading, and by conducting research online, explain how and why you must work within your supply chain as you create your purchasing strategy. Explain why it is essential to dynamically link your organization within your supply chain. Be sure to provide a rationale as to when it is appropriate to purchase a product or service from a vendor at a higher price instead of from a vendor with the same product or service at a lower price. Also, explain how these strategies will differ if you strategize within a for-profit and a non-profit organization.Most businesses have a purchasing strategy, but few have a well-defined supply chain system. Working within one’s supply chain has many advantages, including aiding in strategizing procurement. If done correctly, this will foster a good relationship between the company and the supply chain. This adds a tremendous advantage because the bond will allow the two parties to collaborate on how to source responsibly. While one of the goals as a purchaser is to save money and stay within budget, it is also essential to understand contractual agreements.
Based on your experience, information within the required reading, and by conducting research online, explain how and why you must work within your supply chain as you create your purchasing strategy. Explain why it is essential to dynamically link your organization within your supply chain. Be sure to provide a rationale as to when it is appropriate to purchase a product or service from a vendor at a higher price instead of from a vendor with the same product or service at a lower price. Also, explain how these strategies will differ if you strategize within a for-profit and a non-profit organization.Most businesses have a purchasing strategy, but few have a well-defined supply chain system. Working within one’s supply chain has many advantages, including aiding in strategizing procurement. If done correctly, this will foster a good relationship between the company and the supply chain. This adds a tremendous advantage because the bond will allow the two parties to collaborate on how to source responsibly. While one of the goals as a purchaser is to save money and stay within budget, it is also essential to understand contractual agreements.
Based on your experience, information within the required reading, and by conducting research online, explain how and why you must work within your supply chain as you create your purchasing strategy. Explain why it is essential to dynamically link your organization within your supply chain. Be sure to provide a rationale as to when it is appropriate to purchase a product or service from a vendor at a higher price instead of from a vendor with the same product or service at a lower price. Also, explain how these strategies will differ if you strategize within a for-profit and a non-profit organization.

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