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 18, Problem 2DQ
Summary Introduction
To determine: The way in which daily job performance of purchasing can be improved using social networking software.
Introduction: Technology is the buzzword which many companies are looking forward to improve their efficiency. Its integration into business is undeniable as it allows simpler completion of complex tasks.
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Discuss what companies could do to influence the different stages of the purchasing process.
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Discuss 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?
What 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 question
Chapter 18 Solutions
Purchasing and Supply Chain Management
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- Suppose you are assigned the role of a purchasing manager. Which tasks are you expected to perform?arrow_forwardThe earnings of the organization can be considerably impacted by buyers and supply chain management. Anorganization may spend up to 50% of its sales revenue on the acquisition of goods and services, including rawmaterials.You are employed as a purchasing director at Food Lovers in Durban, South Africa. The selection of a supplier establishes the crucial issues that will determine whether the organization's procurement process is successful or unsuccessful.Critically examine how Food Lovers will detect which supplier is able to supply its requirements satisfactorily, bothstrategically and operationally in the short and long termarrow_forwardHow can purchasing help to improve the competitive advantage of an organization?arrow_forward
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