Assignment on Purchasing Management in APL Logistics

   

Added on  2019-11-26

12 Pages3096 Words163 Views
Running head: APL LOGISTICS, SINGAPOREPurchasing Management[APL Logistics, Singapore]Name of the student:Name of the university:Author note:
Assignment on Purchasing Management in APL Logistics_1
1APL LOGISTICS, SINGAPOREExecutivesummaryThis paper has researched few operation related facts of APL Logistics. Thecompany is widely known for its rarest service qualities; however, the risingcompetition in the market has made this an urgent task to develop its operation evenfurther. The future of the logistic industry is full of opportunities; however, it has alsosome challenges that have become a part of it. One of such example is of carbonemission, which is also depicted in this assignment. Readers would get opportunitiesto know something about the chosen company while at the same time; they wouldalso learn the future challenges and the probable ways out of those challenges in thelogistics industry.
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2APL LOGISTICS, SINGAPORETable of ContentsIntroduction...................................................................................................................3Supplier selection criteria and issues...........................................................................3ICT for purchasing operations......................................................................................5Purchasing cost analysis..............................................................................................6Conclusion....................................................................................................................7References...................................................................................................................9
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3APL LOGISTICS, SINGAPOREIntroductionPurchasing is the first stage, which an organisation perform to initiate thebusiness. It is both related to buying the products or the services. Purchasinginvolves various strategic planning in it, which in fact produces the final purchasing.On a same note, purchasing management is a process through which companiesmanage their purchasing and set standards for such process. It is highly important tohave a good relationship in between the service provider and its supplier. A goodinterrelationship means a sound exchange of each other’s capabilities, whichcollectively serves the different purposes of customers. Nevertheless, a purposefulbusiness can only sustain a long existence in the market (Giunipero, Hooker &Denslow, 2012). The selected organisation for this assignment is APL Logistics Ltd., which is awholly owned subsidiary of a Japanese Company Kintetsu World Express, Inc.(KWE). The company is operating in most parts of world and providing solutions onlogistic services. It provides its services to many different industries such asautomotive, retail, consumer and industrials verticals. Its competitors are OrientOverseas (International) Limited, Nippon Yusen Kabushiki Kaisha and Maersk A/S.The operational goal is to grow with the existing & the new customers and toestablish it as a developed company in the different targeted verticals(Apllogistics.com, 2017). They have succeeded to leave a huge impact on the globallogistic industry with their continuous rising market shares. Some of their strategiessuch as smarter policies for procurement, flexibility with external infrastructure etchave publicised their global presence (edb.gov.sg, 2017). The main purpose of this assignment is to analyse the effectiveness of thepurchasing management of the APL Logistics in Singapore. The three aspects,which this assignment would focus on are the selection criteria for suppliers, costs ofpurchasing and Use of ICT in managing the purchasing. Supplier selection criteria and issuesThe supplier selection criteria of the APL Logistics revolve around becomingglobal with wide range of potential industries. Currently, it has suppliers from four
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