What Major Trends Do You See Affecting The Roles Of Purchasing Managers During The Next Decade?

1. What changes are occurring in our workforce today and are likely to continue into the future?

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)

Procurement is a collaborative work between the supplier and the client of the products or services being supplied. This report will take some critical anlysis of article findings such as Razavi et al. (2016) argued that supply chain relationship is built on trust, communication, interdependence, and cooperation between the involved parties. The authors have used a model of Structural Equation Modelling to explain the relationship between the supplier and the customer. Amemba et al. (2013) sought to explore how public institutions and especially the government can be affected by the challenges inherent in their procurement practices. Among the challenges identified by the researchers include ICT adoption, complex procurement process, and ethics and supply relationship

24) Which of the following areas will a marketing manager standardize or adapt when taking a new product global?

Purchase of goods/services: At my job, the procurement manager is the one that decides the contract of vendors. He also decides what suppliers are to be used and approves all purchase

Describe how the changes you have observed in the marketplace might lead to the need for new services.

The topic selected is (Strategic Procurement & Supply Chain Management). For this study, we have selected Toyota Motor Corporations as our company of choice. Toyota is without doubt the best in the world, with its many philosophies and principles on how to make the best out of the least; JIT, lean production and elimination of waste and the desire for continuous improvement are just a few ways how Toyota has become the best in the auto industry. Toyota as a name, a company, and as a brand has become synonymous with Quality.

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.

W.C. Benton, J. (2010). Purchasing and Supply Chain Management (2nd ed.). New York: McGraw-Hill Irwin.

4. Given Mr. James' charge to the senior vice presidents, how would you portray and assess sales and marketing initiatives, expenditures, and

Most companies lack the ability to quickly contact each outsourced supplier, vendor or licencee in their supply chain. Many companies have done alot of work in the area of managing global supply chains better. A web based Supplier Ethical Management (SEM) platform has been developed which allows companies to maintain contact information for most or all of its suppliers and communicate critical information to them on a regular basis. Using an SEM platform is probably

3. What are the biggest risks faced by the firm in the next 5-10 years?

A. In my opinion, the key lessons from this case study for supply chain managers are:

Global sourcing and global supply management are both very important concepts in global supply chain management. Global sourcing, on the one hand, is the process of procurement or obtaining much cheaper goods and services from foreign to domestic markets. Global supply management, on the other hand, can fit a narrative of implementation, maintenance, and control of strategic processes of buying, including outsourcing from low-cost countries. Many companies and international organizations today conform to such strategies to reduce total costs, gain a competitive edge over their competitors in the same marketplace, increased their organization’s profitability, meeting and exceeding shareholders’ annual returns and more importantly steadily optimizing customer’s satisfaction.

Perhaps the most important decision for an organization when deciding to conduct business on a global scale revolves around the product or service. Consumers around the world are exercising a greater and more diverse demand for an organization’s products and services. In order to succeed internationally, organizations must focus on the challenges that have arisen as a result of industrialized and emerging markets. Purchasing power is drastically increasing in the international environment; indicative of greater buyer sophistication and preference in how, when and why they choose to spend their money.