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Describe Reck and Long's purchasing development model.
Supply is now accepted as a more fundamental and strategic method when compared to purchasing. Twenty years ago Reck and Long (1988) were prominent in recognizing a coherent purchasing development model. The model describes dissimilar development stages for an organisation's function and reflects the way in which the supply chain is being managed.
Explain about the term management in brief. Management in words of LAWRENCE APPLEY: “Management is the accomplishment of outcomes by the efforts of many other people”.
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