BuyFind

Purchasing and Supply Chain Manage...

6th Edition
Robert M. Monczka + 3 others
Publisher: Cengage Learning
ISBN: 9781285869681
BuyFind

Purchasing and Supply Chain Manage...

6th Edition
Robert M. Monczka + 3 others
Publisher: Cengage Learning
ISBN: 9781285869681

Solutions

Chapter
Section
Chapter 20, Problem 1DQ
Textbook Problem

Given the trends described in this chapter, what do you think the future purchasing organization will look like?

Expert Solution
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.

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.

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