Marketing/Management - Business Management - Best Buy Co.

Marketing/Management - Business Management

This discussion attempted to make use of Best Buy Co., Inc. as the subject organization in order to identify spend types in purchasing and suppliers with capabilities for global business. The discussion will also give importance to the implemented strategy of integrated supply approach with distributors and the processes to track performance of suppliers including cost of ownership and outsourcing.

Identification of Spend Types in Purchasing

The organization has a wide variety of cost types in the area of procurement. There is a need to acknowledge the fact that procurement costs can be ...