Reference no: EM13734776

Question 1

New to Supply Management.

Describe what you would do at the first day of your job in a purchasing and supply management function.

Describe three (3) kinds of information and data that you believe would help you as an inexperienced newly hired associate of a purchasing and supply management function. This can pertain to organizational resources or external resources. Explain how this information and/or data can benefit and advance the first time, new associate.

Question 2

In my specific position as a contracting officer within an acquisitions office, we are pretty much managing independent workloads for individual specific acquisition needs. We do however, meet or huddle weekly to share ideas, obtain current acquisition specific information impacting the organization and to stay connected to each other as a branch. In addition, each member of the branch is expected to pick an acquisition and/or organization related topic to present/share with everyone. I find that when we miss these weekly meetings staff members feel as though they are being kept in the dark about something.

Question 3

Purchasing and Supply Management Contribution.

Explain and describe two (2) areas or ways you feel supply management contributes to meet organizational success. Choose any areas from our Chapter 1 reading this week to base your response on and share why you selected those areas as important contributions for a business.

Question 4

The first area that I feel contributes more than 50% to the success of an organization would be Risk Management. Having a contingency plan in place, allows individuals the ability to assess tradeoffs that could impact the budget, schedule, or performance. In example, raw material supplier runs out of a required item and due to time restraints on the project, the organization is forced to purchase items above market rate from a new supplier. Having at least (3) suppliers available as back-ups, which have already been pre-screened: they provide same service or product, delivery capabilities, and compatible prices, will avoid supply delays.