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Purchasing Management for Coca Cola Company

   

Added on  2020-03-28

9 Pages3022 Words346 Views
Running Head: PURCHASING MANAGEMENT FOR COCA-COLA COMPANY 1Purchasing Management for Coca-Cola CompanyName:Institution Affiliation:

PURCHASING MANAGEMENT FOR COCA-COLA COMPANY 2IntroductionThe successful operations of most organizations bot private, public, or military rely on their abilities to manage their purchasing power in the marketplace. This paper focuses on the purchasing management strategy in particular consideration of company of Coca-Cola that continues as the chief marketer of soft drinks in the universe. Besides, the paper provides the critique to purchasing management practices adopted by the company as well as some of the recommendations that can aid in improving such management practices. This article presents the detailed analysis and recommendations for purchasing management for Coca-Cola Company as one of the key aspects of its performance. According to Gupta (2011), Coca-Cola Company dealswith non-alcoholic beverages. The supply strategy of the company comprises of the well-organized approach to distribution from the year 1890 where the company focused on manufacturing of concentrates of syrup before supplying to some bottlers all over the global society. The strategies of management of the company focus in moving in the right direction by capturing advance opportunities that need its mission together with purpose executed across its operations by recommending best structure of partners with non-alcoholic soft drinks. The major competitor of the company comprises of Pepsi Company, Snapple industry, Dr. Pper, along with Monster Beverage Corporation among other businesses that deal with soft beverages. The organizational goals of Coca-Cola Company aim at refreshing the global body, mind, as well as spirit (Gertner et al., 2015). Therefore, the company has its targets set to provide inspiring moments of optimism and happiness through the provision of quality brands and actions in the marketplace. Besides, the company operates its purchasing management operations on the vision that focus to attaining its underlined strategic goals and mission. Therefore, this primary objective of this paper is to analyze phases of management of purchasing of Cola-Cola Companysuch as supplier asortement criteria along with issue, Information Communication technology foracquiring competitors, plus buying cost examination while recommending appropriate techniques of improving these aspects. Supplier production standards and issuesThe company focuses on the process that is tangible as well as intangible materials flow in its operations. Besides, Coca-Cola Company involves the institutions that engage in its activities for the delivery of these essential for its operations. In the shared scenario, other

PURCHASING MANAGEMENT FOR COCA-COLA COMPANY 3organizations that the company collaborates with to ensure that they become competitive in the market include the raw material suppliers along with its loyal customers (Foster, 2014). Therefore, the phases of supply production of the company revolve from the acquisition of raw materials from its suppliers, processing within the corporation and finally the supply to its domestic and international customers. As reported by Hartogh (2013), supplier production criteria along with issues of the Coca-Cola Company consist of the network of other organizations that are having linkage in both downstream as well as upstream in various activities and processes of production. Therefore, supply production for the Coca-Cola Companycomprises of customers, distributors, retailers, suppliers, and manufacturers.There is a need for the Coca-Cola Company to have highest standards along with processes because of the nature of the business involving non-alcoholic drinks. The highest standards and processes for supplier production criteria and issues within the company will ensure that the corporation to have reliable excellence across itscomplete value chain from its focus creation to its bottling together with release of its products (Akomea, 2016). Coke company must ensure that all of its suppliers and other employees to comply with the law and actethically in all matters to increase the supply of quality products and services. Suppliers of the company are expectable to operate in the greatest interest of the organization. The dealers shouldhave no rapport, monetary, or else, with the employees of the company that might conflict or appears to conflict with the obligations of the workers to take action in the top attention of Coke Company. The appropriate criteria when selecting suppliers should follow the supplier guiding principles of the company by its communicating the values and expectations.the decisions needed for issues that relate to supplier selection include the proper focus on the requirements forall suppliers (Vrontis & Lains, 2013). All the stakeholders involved in the selection of suppliers must prohibit themselves from cartel activity, refraining from bribery activities, follow the supplier of business behavior, supplier-guiding values, and policy of trade permits. Coke Company can adopt various practices in the criteria of supplier production to solve issues such as bribery and breaching of the contract during supplier production. The company can set an anti-bribery policy that it expects its suppliers to respect and abide with during their operations (Mubayi, 2012). Therefore, such systems allow the suppliers to focus on achieving sustainable working conditions by adhering to the set policies when interacting with officials of

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