Cooperation and Mutuality in Procurement and Supply Chain
Created to assist procurement professionals to grasp the benefits of cooperation in procurement, the concept discusses how cooperation can reduce administrative costs, eliminate duplication of effort, lower prices, and improve information sharing.
Technique Overview
Cooperation and Mutuality in Procurement and Supply Chain Definition
Cooperation as a degree of mutuality (along with networking, coordination and collaboration) involves exchanging information, altering activities, and sharing resources for mutual benefit and to achieve a common purpose (Ham and Johnson, 2006).
Cooperation and Mutuality in Procurement and Supply Chain Description *
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Business Evidence
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Further Reading
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Cooperation and Mutuality in Procurement and Supply Chain references (4 of up to 20) *
- Baily, P., Farmer, D., Jessop, D., and Jones, D. (2005) Purchasing Principles and Management. 9th ed. FT/Prentice Hall: Harlow.
- Chase, R.B., Jacobs, F.R., and Aquilano, N.J. (2004) Operations Management for Competitive Advantage. 10th ed. McGraw-Hill: New York.
- Chopra, S. and Meindl, P. (2007) Supply Chain Management: Strategy, Planning and Operation. 3rd ed. Pearson/Prentice Hall: Upper Saddle River, N.J.
- Ham, Y.N. and Johnson, R.B. (2006) A Process Model of Inter-organisational SCM Initiatives Adoption. In W.Y.C. Wang, M.S.H. Heng and P.Y.K. Chau, eds. Supply Chain Management: Issues in the new era of collaboration and competition. IGI Publishing.
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