purchasing and supply management
Define the importance of purchasing and supply management and how this relates to selecting a qualified supplier.
Discuss how to select strategies for negotiating prices.
Assemble the steps of the creation of a project supply, service, and material budget from detailed requirements. Illustrate the benefits and costs of outsourcing, and the growth pattern of outsourcing.
Evaluation of the various organizations that are benchmarks in purchasing and supply management, and their best practices. Provide specific examples of companies who show market leadership in purchasing and supply management.
This is an assignment with a length of eight to ten pages that should integrate the reading, multi-media and class discussions. It is mandatory to have research from the classroom text, as well as three sources from scholarly sources to support your views.
Consider the validity of your resources carefully before using them in academic papers. It is recommended to use examples from your professional experience where possible, or build from your learning in the discussion boards.
The book for the course is:
Johnson, P. F., Leenders, M. R., & Flynn, A. E. (2010). Purchasing and Supply Management (14th ed.). Boston: McGraw-Hill Irwin. ISBN: 9780073377896
……………………..Answer preview……………………….
Purchasing and supply management is an essential attribute of business as it acts as the main artery in the whole process. Purchasing and supply is a process that involves several activities that are aimed at ensuring that goods and services reach the desired destination on time. The activities are coordinated in such a manner that they get to form a chain that is well organized from the point of manufacturing to when the finished product reaches the consumer. The reason as to why the whole process is essential in an organization is that it incorporates……………………………
APA
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