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The Significance of Resources Purchases over the Business’s Competitiveness

Author

Listed:
  • Paul Gheorghe

    (Bucharest Academy of Economic Studies)

  • Anna-Alexandra Frunzã

    (Bucharest Academy of Economic Studies)

Abstract

The company's success is based on its competitive advantages relative to competition, acquiring and maintaining them becoming priorities for management of the organization, so by building sustainable entity to be able to pursue the objectives set. An important role in sustaining continuous activity, at full capacity, with a higher profit of the company it has the supply of material resources that provide the materials necessary for production consumption in volume, structure and corresponding deadlines. All the elements of cost associated to insurance and resource management necessary for production are a key factor in generating value final product and diminish them by exercising control over specific costs, based on a careful management, adapted to the market economy, it becomes a source of profit growth.

Suggested Citation

  • Paul Gheorghe & Anna-Alexandra Frunzã, 2016. "The Significance of Resources Purchases over the Business’s Competitiveness," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 302-305, July.
  • Handle: RePEc:ovi:oviste:v:xvi:y:2016:i:1:p:302-305
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    More about this item

    Keywords

    competitiveness; supply; management;
    All these keywords.

    JEL classification:

    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other

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