An important function in purchasing is the disposal of excess material. Often the material is in the form of waste products such as paper, metals and plastics which are difficult to value. However, by utilizing a commodity‐market based approach, many items can now be disposed of in a timely,...

Information technology is changing the nature of logistics organization. It is reducing the cost of transactions and redefining organizations and their interconnections. This paper examines the impact through the concept of transaction costs. This leads to discussion of current trends toward...