Importance of legality issues in supplier contractual

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Reference no: EM133514389

Assignment:

Select any multinational fast-food company and cover on Principles of Buying areas/sections as follows:

A. Based on Purchasing Policy and Procedures:

1. Explain in detail with examples for company selected the importance of purchasing polices that integrates with its organization culture and provides framework for consistent decision making and action.

2. Explain in detail how selected company treats all suppliers fairly and ethically which in turn promotes buyersupplier relations and significantly encourage supplier contribution.

B. Based on SCM Integration and Competitive Advantages:

3. Explain in detail with examples for the selected company how supply management can work with design and product engineering and suppliers to develop new products and services. Summer Term 2023 Instructor: Jaison Mathews Page 2 of 2

4. Explain in detail for the selected company importance of legality issues in supplier contractual agreements - patent ownership of new products, intellectual property, antitrust and supplier nonconformance bringing certainty, dependability and reliability in supplier relationships.

C. Based on Category Strategy Development:

5. Explain in detail for the selected company how supply management strategies support desired competitive business-level strategy and complement other functional strategies.

6. Explain in detail for the selected company how it develops and sustains a strategy aligning supply capabilities and demand requirements and continuously evaluate specific suppliers and establish capabilities that align with business unit requirements.

Reference no: EM133514389

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