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The World Bank defines a hybrid organizational structure as one in which more than one organizational design is used. This allows a company more flexibility in distributing work and assigning job roles. It can be especially beneficial in small business, Read more
Advantages: The local buyer will have better knowledge of the needs of his/her factory and local suppliers for improved service. It is more responsive to clients i.e. the user departments. The buyer will be able to respond more quickly to Read more
The advantages of concentrating purchasing in a strong central department with a responsibility of coordinating across functions include: (1) Economies of scale: Centralized purchasing enables an organisation to use its purchasing power or leverage to the best effect, since: Consolidation Read more
Organisational structure can be defined as the pattern of relationships among positions in the organisation and among members of the organisation. Organisation design and structure is concerned with such elements as: The definition and allocation of specific tasks The grouping Read more
To maximize overall value generated: The higher the supply chain profitability or surplus, the more successful is the supply chain. The supply chain profitability is the difference between the amount paid by the consumer to purchase the product and the Read more
SCM has passed through three phases Phase 1: Physical distribution Management – Where manufacturing was handled in isolation & output was pushed to finished goods warehouse Phase 2: Integrated Logistics Management – Operations of sales, procurement, manufacturing, Warehousing, transportation are Read more
Overview of supply chain management concept Supply is the willingness and ability of producers to create goods and services to take them to market. Supply is positively related to price given that at higher prices there is an incentive to Read more