As our economy continues to change rapidly, there has never been a greater demand for developing and maintaining successful businesses than now. Strategic sourcing is an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company. These allow the students to get a better understanding about these business jobs and help them to search for a good career.
Students will also acquire knowledge and skills associated with strategic planning, accounting, business law, marketing and human labor management in relation to an organization’s operations. If you want to become a real estate manager, make sure your business administration program allows you to specialize in property management.
2. Define the Supply Chain Process. Every industry throughout the world needs people knowledgeable in business administration. Sometimes, business administration work is viewed as the people who look after the bureaucratic or operational functions within a business.
You will find that most people who are taking this degree have full time jobs or need to take care of their family. Another term associated with a supply chain is supply chain management (SCM), which is the oversight of materials, information, and finances as they are distributed from supplier to consumer.
Such a scheme is often used in military and government contractors to put the risk on the side of the vendor, and control costs. Top business administration universities such as Nan yang business school situated in Singapore offers a modern and career-oriented MBA programs.