Reference no: EM133515952

Select any multinational pharmaceuticals company and explain the following based on Principles of Buying:

1. Explain in detail with example selected company the way it understands and recognizes critical-to-quality factors that influence supply management's role in managing supplier quality.

2. Explain in detail with examples the importance, relevance, implementation and evaluation of Total Quality Management (TQM) with regard to its global supplier base.

3. Explain in detail with respect to company selected importance of Six Sigma, DMAIC Model, ISO standards and MBNQA criteria to assess supplier quality and enhance quality assurance.

4. Explain in detail with examples how selected company continuously invests, implement and promotes with global supplier's capabilities and capacities to meet or exceed current and future customer expectations or requirements within critical performance areas on consistent basis

5. Explain in detail with examples how the selected company brings clarity and effective direction to nonconforming supplier quality is often due to inconsistent communication and resultant misunderstanding of specifications, expectations, and requirements within a supply chain.