Purchasing and Supply Chain Management
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
Question
Book Icon
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
Check Mark

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.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Given the trends described in this chapter,  what do you think the future purchasing organization will look like?  (Chapter 20, Question #1)
What is the purchasing and supply strategy?
What Is Balanced Scorecard for Purchasing and Supply?
Knowledge Booster
Background pattern image
Similar questions
Recommended textbooks for you
Text book image
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Text book image
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Text book image
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Text book image
Business in Action
Operations Management
ISBN:9780135198100
Author:BOVEE
Publisher:PEARSON CO
Text book image
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Text book image
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.