
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Transcribed Image Text:Identify the problems which Samsung is
currently facing in its procurement process.
Expert Solution

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Step 1
Businesses of today increasingly view procurement systems as crucial strategic components of their value plan and a fit for end-user objectives. Accuracy, efficiency, and speed are all improved by a reliable procurement system. This widely held attitude makes it essential to standardize procurement business methods and ensure best practices, which has a significant impact on the whole company plan.
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- Note that one of the management processes in the executing process group is associated with procurement. Why is procurement such a major part of execution?arrow_forwardWhy would this cause a procurement professional to integrate with trucking or train companies more intensely? With the Mississippi River at its 8th-lowest water level on record, grounding risk has increased for barge operators,and multiple groundings have been reported on the Lower MississippiOn Tuesday, the U.S. Coast Guard relayed reports of new barge groundings near Stack Island, Mississippi andMemphis, Tennessee, and waterway closures are in effect around both sites. Coast Guard Sector Lower MississippiRiver has reported eight groundings in the past week due to low water levels. "Due to low water levels on the Lower Mississippi River, we have seen an increase in commercial vesselgroundings," said Capt. Eric Carrero, Director of Western Rivers and Waterways at Coast Guard District Eight. "Inresponse, the Coast Guard established a Marine Transportation System Recovery Unit with our federal, state, local,and maritime industry partners to facilitate safe navigation and the continued…arrow_forwardExplain how cost-saving may arise from e-procurement.arrow_forward
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