Supply Chain Management
The importance of Purchasing, Logistics and Supply Chain Management has increased enormously. Due to recent business developments, the strategic significance of Purchasing and Logistics has been recognized. Their functions are treated accordingly - not just when cost reductions and quality improvements are concerned. The latest research proves that competitive advantages emerge from the procurement of innovative products and services – Purchasing does indeed act as an innovation driver. Logistics is often referred to as a “strategic weapon” to be used against the competition.