As purchasing personnel became even more central to the firm’s operations they became known as supply managers.” As supply managers, they are active in the strategic-planning process, including such activities as securing partnering arrangements and strategic alliances with suppliers; identification of threats and opportunities in the supply environment; strategic, long-term acquisition plans; and monitoring continuous improvement in the supply chain.
It is Historical knowledge that the original Union States created the Federal Government, however, for all practical purposes, the Federal government has taken control of her Creators”, the PEOPLE of the States.) She has become a beast out of control for power.
Most recently, companies have been utilizing new tools such as e-sourcing (for bidding and reverse auction), e-procurement (to control and monitor purchasing activities and contracts), and e-spend analytics (to gain insight into how much money is being spent on what types of services or products).
I remind you that this advice is general and not intended to cover all of the legal issues involved in your business, so please use this information merely as a starting point for educating yourself about the legal aspects of your business, not as a substitute for a lawyer.
Equally an SMT function can create a community for the SMTs, (or Account Managers, Supply Chain Consultants, Supplier Performance Managers) in which they can centralize knowledge and deliver revenue generating opportunities for both parties through the exploration of additional, out of current contract business opportunities.