Purchasing and Supply Chain Management
6th Edition
ISBN: 9781285869681
Author: Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher: Cengage Learning
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Question
Chapter 20, Problem 1DQ
Summary Introduction
To determine: The look of future purchasing organization based on the trend described.
Introduction: The future of business is constantly changing and the new technological trends and innovation speeds up the process. Organizations are constantly under pressure to upgrade themselves and proactively thinking about the changing trends in the future. It allows many innovations that rapidly changes the business process.
Expert Solution & Answer
Explanation of Solution
Look of future purchasing organization based on the trend described:
Based on the trends described, Person X predicts the following changes will take place in future purchasing organization,
- Integration of strategies of purchase department with supplier will take place as it helps to establish a proper link between purchase and suppliers.
- In depth and more precise evaluation of purchasing will be done by organization due to increased competition.
- Customization in purchasing will happen as it provides more flexibility to the organization.
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Chapter 20 Solutions
Purchasing and Supply Chain Management
Knowledge Booster
Similar questions
- Good day can you please assiat on the following question below give example of each below 1. Centralisedpurchasing and supply organisational structure 2. Decentralised purchasing and supply organisational structure 3. Combined purchasing and supply organisational structurearrow_forwardWhat can be the performance indices for a purchasing department of an organization? How can a purchasing manager monitor them? What are the advantages of defining such performance indices? Include examples for each part of this questionarrow_forwardDiscuss the major difference between cost-reduction and cost-avoidance measures. Why have some described the reported savings in cost-avoidance measures as “soft,” “funny money,” and “easy to manipulate”? When can purchasing take credit for a legitimate cost reduction or cost avoidance?arrow_forward
- Suppose you are assigned the role of a purchasing manager. Which tasks are you expected to perform?arrow_forwardDiscuess, why purchasing must be keep abreast of current conditions in supply markets to ensure what ?arrow_forwardWhat policy measures are designed in a purchasing system to ensure that an organizations resources are directed, monitored and measured effectively?arrow_forward
- How do you think that a procurement strategy can be directly linked to the organization’s strategy and long-term business plan?arrow_forwardWhat strategies would you employ to communicate the need for change in purchasing to the various stakeholders amidst the wars disrupting supply chain operations?arrow_forwardDiscuss how the purchasing interacts with two other functional area of an organisation?arrow_forward
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