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Global procurement strategies save money

Views: 440 Published: 03 Mar 2005 Average Rating: unrated Print
 

Many companies, particularly large corporations, are taking a global view of purchasing. The result can be substantial cost savings. As purchasing becomes increasingly important to the bottom line, many companies are emphasizing the strategic function of purchasing by creating global procurement networks, commodity teams and other internal corporate structures. By restructuring along these lines, a company can achieve significant savings.


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