SC 247 Optimizing Procurement and Inbound Supply Process Discussion
SupplyChain 247: Please read the article “Top Challenges and Solutions for Optimizing Procurement & Inbound Supply Processes” at SupplyChain247.com. (You may need to register for this information. There is no charge for this news source.) This article can be found at the following link: https://www.supplychain247.com/article/top_challenges_and_solutions_for_optimizing_procurement_inbound_supply/procurement
Please read Chapter 2 and the article from the SupplyChain247 (SC247) before answering the questions below. ————————————————————————
- Discuss how a purchasing department can influence the financial performance of a large manufacturer or a large retailer (Please provide an example for an existing manufacturer or retailer).
- For a growing number of manufacturers, the purchasing department is increasingly involved in purchasing secondary services and noncritical components. Why is the role of purchasing expanding for so many organizations today?
- The article in SC247 summarizes several methods for optimizing procurement and inbound supply management. Select two optimization methods discussed in the article and discuss how a manufacturer or retailer could use each method to gain a competitive advantage.
- Please provide an insightful question about the materials assigned this week to share with the class.
