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What is the difference between a policy and a procedure? Why is it important for an organization to have a set of policies and procedures? Should management regularly review these policies and procedures? Why or why not? ================================================== ISCOM 361 Week 1 DQ 3 FOR MORE CLASSES VISIT www.iscom361master.com How has technology changed supply management in the last 20 years? Have changes been positive? What are potential disadvantages of not keeping up-to-date with technology? ================================================== ISCOM 361 Week 1 Purchasing Strategies FOR MORE CLASSES VISIT www.iscom361master.com Resources: Internet, University Library, Textbook Write a 700- to 1050-word paper that defines the similarities and differences of the purchasing strategy you will use at each stage of the Product Life Cycle of your company’s specific product.