First Sentence:
Organizations are currently experiencing increased competition; rapid changes in technologies; an increased emphasis on quality, total cost, long term contracts; supplier base rationalization, and inventory reduction; increased outsourcing; and reductions in purchasing staff.
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Key Phrases - Statistically Improbable Phrases (SIPs):
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unauthorized purchasing, price analysis techniques, requisition process, processing requisitions, purchasing today, percent learning curve, solicitation proposal, nonconforming goods, procurement cards, production changeovers, repetitive decisions, early supplier involvement, purchasing organization, green purchasing, does the supplier, single sourcing, multiple sourcing, new copier, supplier evaluation, purchasing process, contract administrator, custom terms, supplier performance, sourcing strategy
Key Phrases - Capitalized Phrases (CAPs):
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International Purchasing Conference, Uniform Commercial Code, Key Points, United States, New York, The Supply Management Process, World Wide Web, Ten-Year Forecast, Managing Small-Dollar Purchases
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