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Business Operations - Deep Dive 2: The Role of Procurement
Manage episode 459282040 series 3628695
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Episode 2: The Role of Procurement
In this episode of PEELC Strategy Productions, we dive into the critical role of procurement in business operations. Learn how businesses navigate complex decisions surrounding price, quality, and reliability when sourcing goods and services.
We explore real-world examples, including how major supermarket chains balance affordability and quality, and the procurement strategies of tech start-ups aiming to innovate while staying competitive. Plus, meet Luna’s Luxe Candles, a fictional high-end candle business that demonstrates how strategic procurement decisions can make or break a brand.
Tune in to discover:
- How procurement impacts production efficiency and customer satisfaction.
- The trade-offs businesses face when choosing suppliers.
- Why reliable partnerships are essential for success.
Whether you’re a GCSE Business Studies student or curious about how businesses operate behind the scenes, this episode is packed with insights to help you understand the importance of procurement.
Stream now on Spotify, Apple Podcasts, YouTube, and all major platforms. Don’t miss it!
Credits: Audio and AI assistance powered by Google Notebook LM.
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