This job is all about giving service to business. The e-procurement value chain consists of Indent Management, eTendering, eAuctioning, Vendor Management, Catalogue Management, and Contract Management. Don’t let you passion for management and business pass you by. Search out online colleges that offer accredited business administration programs that fit your schedule and career goals.
Presently, nearly all business positions require an MBA degree as the minimum qualification. In this situation, efficient purchasing and purchasing management again can make or break a business. Some laws have been written which prefer fixed-price contracts; however, many maintain that such contracts are actually the most expensive, especially when the risks or costs are unknown.
As purchasing personnel became even more central to the firm’s operations they became known as supply managers.â€ As supply managers, they are active in the strategic-planning process, including such activities as securing partnering arrangements and strategic alliances with suppliers; identification of threats and opportunities in the supply environment; strategic, long-term acquisition plans; and monitoring continuous improvement in the supply chain.
When a firm’s materials costs are 40 percent or more of its product cost (or its total operating budget), small reductions in material costs can increase profit margins significantly. Dan Kennedy, a renowned marketing and sales expert said “That there is no business success or failure, but rather people success and people failure.” However, the problem with identifying one reason for business failure is the problem.
Efficient management and a better understanding of purchasing costs put the enterprise in a better situation to review and, if necessary, realign and optimize the purchasing functions to reduce costs without compromising on the value. An MBA degree opens up a new world to the business professionals to get jobs in almost all sectors including marketing, finance, banking, legal, manufacturing, insurance, sales, information technology, and management consulting.