A supply manager without an understanding of cost analysis and costing systems cannot individually aspire towards shifting his or her organization towards excellence.

Question

Quizplus · Accepted Answer

Cost analysis and costing systems are essential tools for supply managers to optimize their organization's procurement processes and achieve cost efficiency. Without understanding these concepts, it would be challenging for a supply manager to contribute significantly to their organization's financial goals and overall excellence.

A Supply Manager Without an Understanding of Cost Analysis and Costing