Explain world class supply management

Assignment Help Operation Management

Reference no: EM13740462

Using a newspapers, news or business magazines, the Internet, or other additional article sources:

Locate a current (no older than twelve months) news article that addresses the strategic role of procurement in an organizational setting.
Prepare a 700-1,050-word paper that explains the similarities and/or differences between the purchasing role listed in the article and your organization's current purchasing role, or one with which you are familiar. Identify any improvements that might enhance your selected organization's procurement function.

Cite your references properly.

Instructor Note: To source articles consider exploring the periodicals such as Supply Chain Management Review, Logistics Management, Industry Week. Web sites such as SupplyChainBrain.com and SupplyChain247.com offer some opportunities for research in this area.

DQ questions 300 words each

DQ1

Examine Figure 1.1 in our text; "World Class Supply Management" (Burt et al, 2003, pg. 8). Compare the graph to your own organization and declare where it stands in the progressive evolution model to World Class Supply Management status. What areas need to be addressed or improved? If your organization or current position lacks interaction with procurement, answer the question using an organization you are familiar with (Please address the name of the organization in your response).

DQ2

Within the World-Class Procurement environment we discover the use of strategic supplier alliances and sole source contractual relationships to support the supply chain. What are some to the benefits and problems/ challenges related to alliances and sole source supplier relationships?

DQ3

Chapter 3 examines the relationships (or interfaces) between the different business functions and their expectaions of the procurement function. What are of some of the demands placed on procurement from these internal and external customers? Let us assume you are assigned to engineering (an internal customer) within a global manufacturing firm. You have a requirement for a new item to improve your product design (you have specifications and an engineering drawing). What steps would be observed across the organization as the procurement cycle works to deliver the item to engineering starting with defining requirements? (Suggestion- Explore the steps within the procurement cycle from an Internet search, this is more detailed that the four phases of supply management shared in Chapter 1).

Reference no: EM13740462

Questions Cloud

Assignment on discussion-staffing strategy : Describe the recommended staffing strategies for a large established company like WidgetMaker. Describe the recommended staffing strategies for a small start-up firm of your choice.

Explain one composition by tchaikovsky that you enjoy : Select one composition by Tchaikovsky that you enjoy. Describe the music and subject matter of that work, and explain why you enjoy it.

What are the financial costs to the company : What are the financial costs to the company. Which methods are most cost effective. How much time is required to find a candidate

Write an essay on book the first american revolution : Based on your reading of Ray Raphael's book The First American Revolution and on our discussion of the revolution in lecture, please explain the role of "the people" in the American Revolution.

Explain world class supply management : What areas need to be addressed or improved? If your organization or current position lacks interaction with procurement, answer the question using an organization you are familiar with (Please address the name of the organization in your respons..

Write an essay on bubblegum pop start of provocative music : write an persuasive argument essay on weather or not bubblegum pop was the start of provocative music trends according to so many of that time era

Shift of the demand curve in the simulation : What conditions exist when economic profits are maximized? What is the difference between economic and accounting profits?

Prepare a press conference on crisis communications : You must choose an imaginary crisis communications event that could happen to your McDonalds to prepare a press conference

Was the civil war inevitable : It should therefore come as no surprise that one of the most debated questions in American history has been, Was the Civil War Inevitable?

User Account

All Pages