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Explain in detail with examples critical role of cfts

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Reference no: EM133542346

Problem

Select any multinational fast-food company and explain the following based on Principles of Buying:

Question A. Explain in detail selected company's purchasing policies importance to set standard operating procedures and rules and regulations to guide in overall procurement process.

Question B. Evaluate the effectiveness of purchasing operations of selected company through development of key performance indicators (KPIs).

Question C. Explain in detail with respect to company selected integration is important to company performance and the role that supply management plays in internal and external integration.

Question D. Explain in detail with examples the critical role of cross functional sourcing teams (CFTs) in making overall purchasing/procurement process effective and efficient.

Question E. Explain in detail the importance of supplier quality training and development and supplier certification in enhancing supplier relationship management (SRM) and to effective draw reliability, dependability, flexibility, velocity and agility with the selected suppliers.

Reference no: EM133542346

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