Chapter 3: Purchasing Trends of the Future

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Chapter 3 Purchasing Trends of the Future

• Benny Miao
• John Romano
• Stephen Strohecker

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Effective Supplier Management Maximizes
Shareholder Value
TRENDS
OPPORTUNITIES
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Effective Supplier Management Maximizes
Shareholder Value
TRENDS
OPPORTUNITIES
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Implications Going Forward

• Reorganize corporate structure to effectively
  manage new supply chain initiatives
• Integration of multiple disciplines into
  cross-functional procurement teams
• Creation of infrastructure system to manage the
  transition and implementation of the new supply
  chain

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Challenges to Implementation

• Establishing communication channels to permit the
  free flow of information between supplier
  buyer.
• Obtaining management commitment and buy-in to
  the new business process.
• Education of internal and external customers of
  the goals and benefits associated with developing
  effective supplier management