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Aspects of Purchasing Management | Report

   

Added on  2020-03-28

11 Pages2569 Words76 Views
Analyze the effectiveness of these 3 aspects of purchasingmanagementReport
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ContentsIntroduction......................................................................................................................................1Supplier selection criteria and related issues...................................................................................2Purchasing cost................................................................................................................................3Use of information & communication technologies........................................................................5Conclusion.......................................................................................................................................7References........................................................................................................................................8
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IntroductionThe purchasing refers to the business or the organisation which attempts to acquire the goods or the services mainly to accomplish the goals of the enterprise. This is mainly through handling theorganisation attempts to set the standards in the process between the organisations. The procurement includes the expediting, supplier quality and the Traffic and Logistics. The best organisation tends to recognize about prospering in the long-term activities with the customers, suppliers, employees, investors and the government with the public interest (Doyle et al., 2017). The purchasing management department makes sure of the different goods and the supplies with the inventory that needs to operate with the handing of the orders and the other stock methods. The responsibility is mainly to control the costs with the goods that are order, handled and settledwith the use of the different inventory levels and then building the strong relationship with the suppliers. Being the purchasing manager of Walmart, the focus of my focus is on the responsibilities to buy and approve the acquisition of the goods and the services that are required by the company. It is important for the purchasing manager to interact with the suppliers and the other channel members who could easily focus on how the suppliers and the other people view the firm. It has been seen that 60% of the sale of the firm is controlled through the functions of purchasing with the positional responsibilities that are same for the construction contracts as well. The purchasing manager tend to take hold of the different supervisions with the management of how the small companies can handle the agents or the buyers (Isley et al., 2016).The role of the purchase manager is mainly to handle the strategic business function to perform with the window set to handle the prime functions of purchasing which also includes the sensitivity to the different market functions and situations. One also need to give the feedback to
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the different functional areas, where the purchase manager tends to play the important role for the right quality of the material at the right time. For this, the system also includes the just-in-time purchasing with the quality management and product manufacturing, where the major importance of the purchase manager tends to increase depending upon the standardised issues. The role of the purchasing department is mainly to make sure of:a.The ensuring of the availability of the quantity and the quality of material which is set forhandling and the smooth functioning of the department of production (Laudon et al., 2016).b.The production and the procurement of the materials are depending upon the low costs for the company to ensure that the supply of the quality materials is done in an effective manner.c.The awareness with the substitution of the materials is available in the market to make sure of the prices and the utility of the organisation.d.The identification and the development of the new vendors is mainly to maintain a good relationship with the vendors, vendor relations with the vendor monitoring or setting the development of the new vendors for the purchasing of the executive jobs. e.The development of the procedures and the systems is important for the purchasing department (Tchokogué et al. 2017). Supplier selection criteria and related issuesThe suppliers need to evaluate the compeititve environment with the progressive firms which canproduce the quality products at the reasonable pricing. The buying firms need to select the suppliers who are based on the capabilities and the competitive processes. The trend is mainly to
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