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In the today’s corporate world, business management is very important. Business strategies are chalked out based on the customer’s needs and affinity. This is where business models become significant.
Thirty years ago, ordering any commodity or article was a tedious process with a long waiting time for customers. Choices and comparisons were limited. However, with the reinvention of the business model in late 1985, business transactions have bee
This book is an outline for identifying potential vendors, conducting negotiations and engaging purchasing agreements to provide goods and/or services that meet procurement needs. In the course of time the role and character of purchasing has been changing constantly. Traditionally, purchasing was seen as merely a supportive and supplementary operational activity with little significance on a firm’s performance.
This approach however conveys