E-Procurement: Strategic Sourcing for Restaurants

Topics:
Competitive Strategy,
Sourcing
Tags:
Audit,
Business Operations,
E-procurement,
Finance,
Financial Accounting,
Michigan State University,
Purchasing & Procurement,
Strategic Sourcing
Source:
Michigan State University

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Overview: For the restaurant industry the purchase process has traditionally been a labor-intensive, paper and pencil, time consuming, monotonous routine requiring knowledgeable buyers, capable sellers and a detailed set of inventory and audit procedures. Simply stated, restaurants need to control purchasing practices in order to contain costs while improving productivity. An inefficient purchasing process can lead to inflated costs of goods that in turn negatively impact the firm's bottom line. The Web is global, scalable and built on an open technology platform that enables e-restaurants to gain a competitive advantage through online functionality.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 108KB | Date: Apr 2004 | Pages: 3

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