Purchasing or procurement of materials from suppliers is one of the main ingredients of operations management in a business organization. I involves defining the necessary means through which suppliers can create the maximum value possible through product innovation and improvement. Te materials acquired should be able to meet the customer needs and satisfaction. Atending to a customer is way of interacting with external and internal contacts. Aother important aspect of purchasing of materials is target costing which puts to focus cooperative efforts for regulating the cost given product design that is still in the development phase (Hines, 2004).
I target costing is carried out in a good way, i can ensure there is competition without destroying supplier coordination in product innovation. Tere should be control and co-ordination in the functioning of the management. Tis ensures the achievement of consistency in the company or organization’s goals in an efficient and effective way. A industry can carry out its management functions in numerous ways. Oe of these ways of ensuring effective management control involves delegating authority to of the organization.
Tis involves handing over authority to an employee to acquire resources and perform a given task in the organization. Oher management control methods have consistent evaluations, wich are used to analyze information in the organization, aailability of financial statements that reflect on the overall progress of the organization, prformance management and laying out policies and procedures to guide behaviors in the workplace. Te management of products and services in an organization should be in a way that enables a smooth flow between suppliers and the Tere different approaches used to develop a product or service.
Tese ideas are as stated below: I order to ensure a complete and successful delivery of products to the customers, aproduct should follow through several stages. Te product first has to be verified, dveloped, poduced, dstributed, avertised and promoted and finally sold to the prospective buyers. Te quality of goods and services must be acceptable to ensure customer satisfaction. Tese products should also be improved to meet the customer’s requirements and enhance their marketability. Rcent advancements in quality, as re-engineering, Quality Management, ad benchmarking, ...
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