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 2, Problem 4GPE
Summary Introduction
To explain: If Person X agrees with the four truths. Some examples where the P2P systems don’t work as they should as in the purchase history.
Summary:
Company CC is the last remaining private bottler of Company CK. Company CC has come up with many innovations from the day onwards. Company CC is one of the 64 bottlers worldwide with 6,000 employees selling a case of coke for every four seconds.
The purchasing process:
The purchasing process encompasses all the activities as shown below:
- Identification of user requirements.
- Evaluation of the user needs effectively and efficiently.
- Identification suppliers who are capable to meet the demand.
- Development of agreement with those suppliers.
- Development of the ordering mechanism.
- Ensure that the payment process occurs promptly.
- Ascertaining that the needs are effectively met and
- Driving continuous improvement.
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As a supply chain and logistics management student, you have completed key aspects of thediscipline throughout your qualification, namely, purchasing management, supplier relationshipmanagement, warehouse management and strategic supply chain management.This question requires you to reflect on your knowledge and understanding of supply chainmanagement. You are required to write a one-page report where you reflect on:• Which areas of this module did you find most interesting and challenging to learn about?Why?• If the procurement process for inventory is not ethically done, what do you think would bethe impact on organisations?• Do you think the individual responsible for managing inventory i.e., performing ABC analysesor tracking inventory through a warehouse needs to be analytical? Why or why not?• Would using artificial intelligence through computer programs give a non-analytical personan advantage?• Could a career in inventory management be the future for you? Why or why not?
As a supply chain and logistics management student, you have completed key aspects of the discipline throughout your qualification, namely, purchasing management, supplier relationship management, warehouse management and strategic supply chain management.
This question requires you to reflect on your knowledge and understanding of supply chain management. You are required to write a one-page report where you reflect on:
• Which areas of this module did you find most interesting and challenging to learn about?
Why?
• If the procurement process for inventory is not ethically done, what do you think would be
the impact on organisations?
• Do you think the individual responsible for managing inventory i.e., performing ABC analyses
or tracking inventory through a warehouse needs to be analytical? Why or why not?
• Would using artificial intelligence through computer programs give a non-analytical person
an advantage?
• Could a career in inventory management be the future for you? Why or…
Chapter 2 Solutions
Purchasing and Supply Chain Management
Knowledge Booster
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