Formal System to Control the Flow of Materials and Goods from Supplier Through Stores and Production to Dispatch We Must First Summarize the Current Problem Area

 To ensure that all concerns / complaints are dealt with in accordance with the

All their suppliers range from small farming cooperatives to multinational corporations . They consider factors such as capacity, quality and cost when selecting companies to buy from. In addition, seek only to work with suppliers that can consistently meet standards and specifications and

Suppliers want steady orders and prompt payment, they also want to feel valued by the company that they supply.

The company, as well, can no longer function without proper processes that are diligently followed in regards to signatures on purchase requisitions. Again this allows for greater control over costs, purchasing accountability and adherence to budget restrictions.

Second, always make sure there is an alternative source. As I mentioned before, this is much easier with single source procurement (but not sole source), since other similar suppliers could be able to supply similar products with more or less that same quality as the previous suppliers.

Facilitates the flow of documents/information to and from the unit, and ensures financial integrity and consistency by controlling, in accordance with policy, purchase and payment authorities, receipt of goods and services, requisitions, reconciliation of accounts and travel accounts.

The procurement life cycle can be made up into 13 key stages. The stages I am going to follow the CIPS stages of procurement and supply management. (Cips.org, 2017)

5. Use the table below to identify issues of public concern relating to the industry and organisation, and describe how these issues are addressed / dealt with.

Administrative matters, including a claim for payment a matter related to the procurement of property or services, or a document necessary by law, rule, or regulation to be submitted to Congress or any other office or officer within the legislative branch; or

1. To comply with legal requirements and legislations. These for example could be contractual obligations, employee role descriptions and responsibilities, remunerations etc.

People: The emergence of the triple bottom line has led to companies becoming more aware of how their decisions affect not only employees and customers but those within the community they operate in. To achieve this in an ever changing global world a company needs to create policies and guidelines on how to select suppliers and evaluate performance.

The procurement section of Target’s supply chain is an essential part of how it replicate costs to customer requirements. The overall affiliation between customer fulfillment and the supply chain are closely linked to products that are designated based on benchmarks that have been appropriately matched to target costing structured with market criticism and feedback provided. When focusing on purchasing products to sell to customers, the organization selects and processes the best option that best matches Target’s

Suppliers should also be able to respond to emergency calls in case of certain events such as disasters or even large orders. In other words they should be essential and reliable.

Standardization: Set of predefined specifications, rules or features that manufactures or producers need to follow when they make/produce the products/goods or components of it. Example- MacDonalds set standardization for each of its menu items like size, weight, food value etc. So, each food item need to prepare according to predefined standard.

SF does not want the product overproduced, provide timely reporting of product sales in order to avoid this problem. For this reason, the company's inventory becomes a serious problem.