Overview
Just need short and simple answers
2. What are the challenges organizations face to get procurement right?
How can an effective purchasing department affect organizational performance?
What are several macroeconomic conditions straining procurement? What are the core actions to combat these macroeconomic conditions?
What are the benefits associated with a comprehensive policy and procedure manual? Is there a downside to the manual being too comprehensive?
3.What is supply chain integration?
What are the benefits of supply integration?
What are challenges organizations face to ensure supply chain integration?
4.When would an organization use centralized purchasing?
When would an organization use decentralized purchasing?
What are several best practices to help an organization get to smarter, better procurement?
What are future trends in organizational design and what are the challenges for organizations to get there?
5.What are several key supplier evaluation criteria?
What are best practices for managing supplier relationships?
What are factors affecting supply management's role in managing supplier quality?
How is block chain technology best applied in supply chain management?
What are the challenges for organizations looking to implement block chain technology in supply chains?
6.A Chrysler executive once made the following statement: "Only about one in five supplier development efforts are truly 100 percent successful. " Why do you think this is the case? What makes supplier development such a challenging effort for the buyer? For the supplier?
Why should organizations be interested in ISO 20400? What are challenges that organizations face implementing ISO 20400?
What are some major corporations doing in terms of sustainable purchasing?
How have retailer and vendor relationships shifted since the Covid-19 pandemic hit in 2020? What changes, if any, do you think are for the long term?
7.Discuss whether globalization and the subsequent growth in worldwide outsourcing will have a positive or negative effect over the long run in the United States. Why? What are the alternatives to worldwide sourcing?
You are the purchasing manager at a major corporation. You have been asked by top management to research whether the corporation should outsource more parts. What would be the outcome of your report?
Will 3 D Printing (additive manufacturing) bring manufacturing back to the US? What industries are likely to benefit from this innovation?
8.List some of the reasons suppliers are reluctant to share detailed cost information. What can purchasers do to convince suppliers that shared cost data will not be exploited?
If a buyer and seller do not have a close relationship, how can a buyer obtain cost data to perform a cost analysis for a supplier before awarding a purchase contract?
Many non-procurement executives are skeptical about the variety of the savings being touted by the procurement organization. What are several ways procurement organizations calculate cost reduction? What are several types of cost avoidance service providers employ?
9.Why is negotiation such an important part of the purchasing process.?
What are the requirements for a skilled or effective negotiator?
Discuss the concept of BATNA. How can a negotiator effectively use it to plan a negotiation?
10.Discuss the concept of ethics. Why is the purchasing profession particularly sensitive to this topic?
Discuss why you would be more interested in working for an organization that supports environmentally friendly products. Are there any negatives to working for such an organization? Why?
What are conflict minerals? Why should organizations and consumers be concerned with conflict minerals?
11.What has happened to change our perspective about holding physical inventory?
When putting in place a lean supply system, what changes typically occur in the ordering and transportation system between buyer and supplier?
How is AI used in procurement? What are the benefits and challenges of AI integration in procurement?
Given the trends predicted in the chapter and readings what are the impact of global macroeconomic trends on procurement? What are several transformative strategies for the future and how will these affect the procurement function?