Contemporary view of procurement as strategic activity

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1. Why does the contemporary view of procurement as a strategic activity differ from the more traditional view of purchasing?(citation Source and reference)

2. How does lowest TCO differ from lowest purchase price?(citation Source and reference)

3. Why would a company's costs of manufacturing and procurement tend to increase as the firm changes from a MTP to a MTO strategy? Why would inventory costs tend to decrease?(citation Source and reference)

4. What are the key elements of design for manufacturing and for logistics? (citation Source and reference)

Reference no: EM131036471

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