Are you a natural leader and a gifted communicator? As a part of a product development team, purchasing representatives have the opportunity to help determine the optimal materials to be used in a new product, propose alternative or substitute materials, and assist in making the final decision based on cost and material availability.
From public sector organizations to charities, the government to law, industry to media, commercial and financial organizations as well as small and big businesses, the skill sets and training provided by a business administration degree would always be an advantage.
The use of e-procurement technologies in some firms has resulted in reduced prices for goods and services, shortened order-processing and fulfillment cycles, reduced administrative burdens and costs, improved control over off-contract spending, and better inventory control.
The major things that you will be learning during the duration of the course MBA in business administration will be advanced business concepts and management principles along with soft skills like communication and leadership skills, ability to thing differently and out of the box, how to identify opportunities and to turn them profitable for the organization, turning the tide during times of crisis all are part of the learning program.
A typical product would go through many activities – it might start life in the marketing function, and then go through conceptual design, engineering design and analysis, testing, detailed design, manufacturing engineering, process planning, tooling, production planning, purchasing, machining, assembly, testing, packaging, installation and maintenance.