What is the difference between the “physical flow of goods” and the “flow of costs” through a company?
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What is the difference between the “physical flow of goods” and the “flow of costs” through a company?
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- Products that satisfy basic needs and do not change much over time.Maximizing the effectiveness of the procurement process is a major goal of an organization. What steps can be taken to help ensure that the process is maximized?Considering what you purchased and how/where you purchased, how the firm could provide even greater value for you? For example, when buying a car, a sales person might ask just the right questions to quickly understand what you are looking for, which makes the buying situation pleasant and easy. Or, if you buy an electric car and the car seller also offers you an easy set up of a home-based charging station, it makes the purchasing decision and actual use of your electric car easier. Also, the possibility to customize the car might create additional value for you.
- What are the advantages of transaction processing systems, customer relationship management systems, and supply chain management?How do organizations manage vendor relationships post-acquisition to ensure optimal service levels and value for money?3 Describe the good/service you purchased, including the type of item, brand name, and price. Explain how the seller provided value to you through form, place, time, and possession utility. How might you improve this?