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Based on transaction cost theory, when a firm has already integrated its operational functions, the decision to outsource such functions to the market should be made if it is necessary to create or protect firm value. By outsourcing tasks to specialist organizations, firms may better focus on their most value-creating activities, thereby maximizing the potential [...] Share:
        Now a days, convenience has become an important aspect for the consumers of the food market. Due to change in the lifestyle trends, more and more people now prefer to order for home delivery rather than going personally to the food joints. Technology, be it Internet or mobile communications, has only aided this trend or [...] Share:
A different way of understanding purchasing strategy is by establishing bridges between it and the manufacturing function, adapting the theoretical schemes traditionally applied to the latter. As Harland et al 1999 note, operations management in the 1990s expanded its academic boundaries to include interfaces with suppliers, whereas previously, it had focused solely on manufacturing management. Therefore, it seems [...] Share:
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