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Purchasing and Inventory Control

   

Added on  2021-06-16

10 Pages1956 Words25 Views
Running head: MANAGEMENTPurchasing and Inventory ControlName of the Student:Name of the University:Author’s Note:

2MANAGEMENTExecutive SummaryThis present report deals with the major challenges of the purchasing department of VoyagerLogistics. It has been received that lack of staff knowledge, high cost and lack of proper strategyare the major reasons of the poor performance of the purchasing department. However, it hasbeen found that the staffs have not good training, which leads them to face confusion whiletaking purchasing related decision. On the other hand, they have no idea about the forwardtrading strategy. On the other hand, due to lack of company purchasing card they faced issueswhile purchasing a product during an emergency. Hence, application of transformationalleadership, forward buying strategy, and staff training will be helpful for this organization to dealwith these challenges.

3MANAGEMENTTable of ContentsIntroduction......................................................................................................................................4Purchasing function of the vehicle maintenance department of Voyager.......................................4Organization of the purchasing department of Voyager..................................................................6Conclusion.......................................................................................................................................7References........................................................................................................................................9

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