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
expand_more
expand_more
format_list_bulleted
Question
Chapter 20, Problem 1DQ
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.
Expert Solution & Answer
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.
Want to see more full solutions like this?
Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
What is the purchasing and supply strategy?
Why are more top managers recognizing the importance of purchasing/supply management?
How, for example, is purchasing different from supply
management?
Chapter 20 Solutions
Purchasing and Supply Chain Management
Knowledge Booster
Similar questions
- What Is Balanced Scorecard for Purchasing and Supply?arrow_forwarda) As Andrew Baines, what action would you take to solve the problems in the purchasing-marketing relationship?arrow_forwardHow is the source at IKEA? Source: It includes the selection of suppliers that will deliver the goods and services to create the company's product.arrow_forward
- 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 questionarrow_forwardYou have been made the purchasing manager of a local bakery that specialises in artisanal bread, pastries, and cakes. This bakery is steadily growing in the Durban CBD and is seeing increased growth month on month as a result of lowered Covid-19 regulations. Answer the following questions with application to your new role. There are several objectives to performance evaluation. In your opinion, is performance evaluation vital to the success of the purchasing and supply function? Justify your stance by discussing at least 2 key points in relation to the context of the bakery.arrow_forwardHow can we use spend analysis in strategic sourcing?arrow_forward
- Think about the recent advancements in Corona Virus Vaccines. How do you think the demand and supply characteristics will be in the beginning of their application? Do you think the supply will match the demand quickly or easily? Why?arrow_forwardEvaluate the broad environment, e.g. political, social, legal in which the industry of OCSIP is located. How does this affect the industry?arrow_forwardDiscuss the reasons why measuring and evaluating purchasing performance has historically had certain problems or limitations.arrow_forward
- Briefly explore the business plan of the Maybank organization in terms of: Market Competition External context Dealarrow_forwardWhat are the things/factors need to be analyzed for assessing supply and competition?arrow_forwardI) WHY is the purchasing function experiencing an increase in strategic importance? ii) Which competitive priorities, i.e., cost, quality, cycle time, and flexibility, does purchasing function affect?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill EducationOperations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
- Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage LearningProduction and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.