Management
MANAGEMENT OF PROCUREMENT
Recent years have seen high levels of turbulence; companies that
were market leaders a decade ago have in many cases encountered
severe reversals of fortune. Rapid advances and complexity in technology,
and the accompanying growing uncertainty in the business
environment have brought about mergers and takeovers, and these
have changed the shape of many markets. Traditional barriers
between industries are breaking down. Inevitably, this has given rise
to a very high level of competition and complexity. There is also a
growing demand from the marketplace for ever-higher levels of
service and quality.
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