Procurement 101: Explanation on Commodities (Are computer chips still commodities? I think it depends on how you buy them). Companies are outsourcing commodities to increase value. Value is lowering costs & improving performance (e.g., quality, service, & flexibility). A commodity is defined as being something for which several qualified suppliers exist. Typically, buying organizations will use several...
So, this article from Forbes is recommending that my students become a jack of all trades, but a master of none? Can you do that & still reap the benefits of being specialized, while also having a variety of career options (w/ advancement opportunities)? Supply Chain Management? WMU Research:Sime Curkovic