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What added elements are required of material control system

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Reference no: EM131285850

Inventory management

There has been a sea change regarding the challenges and therefore the required elements of a company's material control system. This has caused the firm to evolve from having a purchasing agent, typically reporting to the chief financial officer (CFO), to a more professional purchasing manager trained in high level negotiating skills, to a materials director, conversant in how all the elements of a supply chain fit together, to a global sourcing manager, and now a global supply chain director.

• Has globalization been a factor in this evolution, or are other factors at play? Why or why not?

• What added elements are now required of a material control system as a result?

• What would be the impact on large retailers in a country if a dock strike occurred for inbound shipping containers; what could they do to mitigate this risk? How does this differ from the impact of a dock strike if globalization had not been so popular?

• 400-600 words APA format

• In text citations with reference page.

Reference no: EM131285850

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