Business in brief library

Procurement and Supply Chain Techniques

Material Requirements Planning

Material Requirements Planning

The concept has been created to assist operational managers and practitioners in ensuring the availability of materials and products for planned production. It explores the ways to maintain the lowest possible levels of inventory, plan manufacturing activities, and deliver schedules and purchasing activities.

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Multi-Channel Distribution Systems

Multi-Channel Distribution Systems

Multi-channel distribution systems are an important strategic issue in marketing and e-Business. Strengths and drawbacks of using multi-channel distribution systems are provided alongside, how to implement these systems, and various measures and ways to maximise success.

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Negotiations in Procurement

Negotiations in Procurement

Negotiations can help to work out a deal and are critical in procurement. The concept provides a description of the main characteristics, business tools and critical success factors and will be useful for decision-makers and professionals involved in negotiations.

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Outsourcing

Outsourcing

This concepts describes the operational transfer of one or more business processes from an origin company to an external provider. It explains the potential benefits of outsourcing and also the many risks and drawbacks that all companies need to be aware of.

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Paradigm and Paradigm Shifting

Paradigm and Paradigm Shifting

Paradigms are generally defined as a framework that has unwritten rules and that directs actions. A paradigm shift occurs when one paradigm loses its influence and another takes over. The concept defines paradigm and paradigm shift and explains how it can relate to company strategies and industry cycles.

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Parametric Forecasting Method

Parametric Forecasting Method

Parametric forecasting in project management uses historical data and statistical models to predict future project outcomes. By leveraging key variables, such as time, cost, and resources, it provides accurate estimates, helping managers plan and allocate resources more effectively for future projects.

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Positive Risk Management

Positive Risk Management

Negative risks matter, but “risk” is often defined too narrowly. Positive risk management focuses on identifying, assessing and managing beneficial outcomes, with boards pairing threats and opportunities to enable balanced decisions (Bryce, Ashby and Ring, 2024).

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Procurement Transformation

Procurement Transformation

The concept discusses some underlying principles that can determine the success or failure of a procurement function during a period of change. It also offers some case studies and best practice from a variety of industries.

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Public Goods

Public Goods

The concept describes the controversial topic of public goods. It discusses what constitutes a public good in economic terms, the issue of funding public goods, as well as the challenges of measuring the value of public goods.

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Purchase to Pay Process

Purchase to Pay Process

The P2P is a process enabled by technology. It speeds up the process of purchasing from point of order to payment, and entails the full cycle of procurement. The concept has been designed to help business professionals to examine the benefits and limitations of this process, and to gain a basic understanding of the implementation processes.

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