Global Supply Chain Management and Strategic Sourcing
Tema 16 — Supply Chain Management & Global Sourcing
Supply Chain Management: the process of coordinating and integrating the flow of materials, information, finances, and services within and among companies in the value chain from suppliers to the ultimate consumer.
Sourcing Globally
Reasons for sourcing globally:
- Lower prices
- No local availability of certain products
- Competition using better-designed or higher-quality components not available locally
Increasing Use of Electronic Purchasing for Global
Read MoreHuman Resource Management: Models, Laws, and Practices
Human Resource Management (HRM)
Definition: HRM is a strategic and coherent approach to managing an organization’s most valued assets: its people. It focuses on individuals who, collectively, contribute to achieving organizational objectives. HRM involves the effective use of human resources through the management of people-related activities. It is a central and strategic organizational activity of increasing complexity and importance.
HR System
An HR System Comprises:
- HR Philosophies: Overarching
Understanding Operations Management: Principles and Practices
Operations Management: An Introduction
What is Operations Management?
Operations Management (OM) involves designing, operating, and controlling a productive system that transforms inputs (physical resources and human talent) into outputs (goods and services). It’s a core area of any organization, focused on developing and managing value-adding processes using various tools, techniques, and methods.
Key concerns include quality, cost, service, and speed. Examples of companies that rely heavily on operations
Read MoreMastering Invoice and Payment Letters: Examples
Invoice Letters: Issuing an Invoice
Dear Mr./Ms./Mrs.,
Re: Invoice Corresponding to…
Re: Acknowledgement of Receipt of Invoice Ref. X
We would like to acknowledge receipt of your invoice, Ref. X, dated the 12th. Hereby, we are sorry to inform you that it would not be possible… We would like to thank you for giving us the chance to sell you our products. The account number has been forgotten. To our company, a promissory note (IOU) is acceptable. Besides, furthermore, moreover, therefore, we bring
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