logo

Assignment: Purchasing and Supply Chain Management

   

Added on  2020-01-07

8 Pages2611 Words203 ViewsType: 203
Business DevelopmentLeadership Management
 | 
 | 
 | 
Purchasing and Supply ChainManagement
Assignment: Purchasing and Supply Chain Management_1

Table of ContentsINTRODUCTION...........................................................................................................................3TASK...............................................................................................................................................4CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
Assignment: Purchasing and Supply Chain Management_2

INTRODUCTIONPurchase and supply chain is the chain of processes that have to be done in production ofproduct from purchasing till final supply (Monczka and et.al., 2015). Asda stores limited is aretail organisation working in UK. In the below mentioned essay role of purchase and supplychain in retail organisation is described. TASKThe main responsibility of purchasing department is to procure supplies. Asda Ltd. Willhave to find such suppliers who will provide them the best quality products (Fredendall and Hill,2016). On procurement will not be enough as after this company will have to evaluate theperformance of supplier with reference to the timely supply and also the cost it is charging andmost important the product should meet the quality standards that have been set by asda ltd. Themain objective of a retail organisation is to find the best products at the most reasonable andaffordable prices for that it can use various means of procuring supplies such as tradepublications can be used or it can opt for competitive bidding in which many suppliers will quotetheir prices and the company will have the opportunity to choose the best among all of them whocan its all the criteria and then supplying them in the market at the best possible prices that canbe recovered for that product in the ongoing market structure by evaluating the need ofconsumers that is finding out who are the potential consumers and what are their basicrequirements which are need to be met with in order provide them with complete satisfaction(Stadtler, 2015). Asda Ltd. will have to keep in mind a very important thing while procuringsupplies that all the legal requirements in relation to purchase and supply of that product havebeen complied with. The purchase and supply chain involves various components in it which are requires to bemeet with in order to maintain a proper chain (Ross, 2016). the first main component is plan thatis to make and form a proper strategy so that resources can be managed effectively in order toachieve the demands of their customers. Plan should be made by taking in consideration all therelevant aspects. Then comes the next component which is the source. This level involves that agood relationship should be build with the supplier and this is to be done after finding a reliablesupplier. Only finding a supplier is not enough but other things such as shipment, delivery andpayment methods should also be considered. Next stage is the delivery stage in which the maintask is to collect the orders from the customers and then making a delivery of the ordered goods
Assignment: Purchasing and Supply Chain Management_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Optimal Supply Chain Strategy for Cupcake Manufacturing
|14
|2678
|36

Supply Chain Management Marketing Assignment (Doc)
|9
|2780
|220

(PDF) Key Factors of Influence in the Public Procurement
|6
|785
|79

Purchasing and Procurement
|7
|1542
|72

Procurement and Risk Management: Stages and Key Risks
|13
|3649
|333

Supply Chain Evolution: Similarities and Differences
|1
|407
|185