PURCHASE MANAGEMENT

SUMMARY • THE VIDEO TAKES US TO UNDERSTANDING HOW TRADITIONAL APPROACH TO WORKING SHOULD BE CHANGED AND HOW THE NEW APPROACH TO BUSINESS WOULD HELP US IN BUILDING BETTER COMPANIES • WITH THE HELP OF INTERVIEWS CONDUCTED WITH TOP EXECUTIVES OF ESTABLISHED COMPANIES. IT TRIES TO PROVE THAT AN INCLUSIVE APPROACH IS A MUST TO ACHIEVE SUCCESS IN THE COMPETITIVE MARKET .

KEY THEORITICAL POINTS • SUPPLIER RELATIONS IS AN ALL – INCLUSIVE APPROACH TO MANAGE INTERACTIONS WITH DIFFERENT STAKEHOLDERS OF THE COMPANY • SERVICE PERFORMANCE AND EVALUATION IS THE KEY TO SUCCESS. SUPPLIERS NEED TO BE EVALUATED AND GUIDED ON A REGULAR BASIS • PRICE IS NOT THE MAIN CRITERIA IN CHOOSING A SUPPLIER. WHAT IS IMPORTANT IS TO MAKE THEM UNDERSTAND HOW IMPORTANT THEIR CONTRIBUTION IS TO THEIR AND COMPANY’ S SUCCESS. .