Are the buying organization's Purchasing and Supply Management staff members the only ones involved in the...

Are the buying organization's Purchasing and Supply Management staff members the only ones involved in the utilization of cost management and contract management strategies?

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Ans:-

• Contract management ways square measure utilised within the situations and processes wherever there exists a contract between 2 entities, it's simply not restricted to the getting and provide Management workers members tho' most contracts exist between purchaser and seller(supplier) wherever the getting team has to enter in contract with the provider and settle on the terms. Contract management also can be utilised between manufacturer and supplying partner wherever the sales team is concerned in agreements or contracts with the distributors or supplying corporations.

• Cost management involves capturing, managing and dominant all the prices concerned within the offer chain that isn't solely restricted to material costs viz. value of buying raw materials, packaging materials and different materials from suppliers however conjointly extended to supplying prices, value of production, body prices, promoting prices etc.

Rahul Sunny answered 1 year ago

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