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When is it less favorable to obtain quotes or sealed bids when you have no clear product or service specification?

When you have no price forecast or budget.
When you don't know of any capable suppliers.
When no purchase has been approved.
When there is no advantage in obtaining competitive bids.
Where any cost saving would be insignificant.
None are favorable.

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New! Inventory Strategy

Author:
Edward H. Frazelle, Ph.D.

Description:

An executive-level strategic inventory management guide to maximizing financial, service, and operations performance using the proven RightStock model of inventory management

In most organizations, highly qualified professionals are required to respond to a barrage of typically uncoordinated initiatives from across the organization. Those initiatives normally include increasing SKUs, customization, and inventory availability while reducing customer response times, transportation costs, purchase costs, and manufacturing costs.

Inventory Strategy arms them with a strategy for easily achieving this otherwise impossible task by presenting a proven, fact-based, balanced, and logical means of determining the proper role and level of inventory in supply chain strategy. Order this inventory management textbook and advance your career today! 

Your Price: $75.00