What does an effective materials management process ensure

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Reference no: EM133508985

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Part I: Describe how core capabilities in a particular type of supply chain configuration affect corporate diversification strategies.

Part II: It is expressed that the concentration of supply chain management must advance in response to fluctuating business environments and developing product life cycles. Different interactions among participants are required during each phase of the product lifecycle, from inception through recycling. Why should the supply chains for products in new markets be flexible?

Part III: Materials management is focused on management functions supporting the complete cycle of material flow, beginning with the purchase and internal control of production materials to planning and control of work in process, to warehousing, shipping and distribution of the finished product. What does an effective materials management process ensure?

Part IV: In the recent past, businesses contracted with countless suppliers to boost competition between suppliers and reduce costs. However, the buyer-supplier relationship was price-based. Describe five to seven methods to reduce a supplier base?

Reference no: EM133508985

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