Purchasing Management | KFC - Essay

   

Added on  2019-11-25

10 Pages2422 Words2262 Views
Purchasing Management 1
Purchasing Management | KFC - Essay_1
Table of ContentsIntroduction......................................................................................................................................2Purchasing goals of KFC.................................................................................................................3Supplier selection criteria................................................................................................................3Supplier related issues.....................................................................................................................3ICT for purchasing operations.........................................................................................................4Purchasing cost analysis..................................................................................................................5Conclusion.......................................................................................................................................7References........................................................................................................................................82
Purchasing Management | KFC - Essay_2
IntroductionPurchasing management is basically a department within the company, which is responsible foractivities related to purchasing. Purchasing management includes technology, people and variouspurchasing processes which at last lead to profitability in the company. Purchase is the vitalprocess in every company and it is the first factor that has impact over the product cost. Thisstudy will demonstrate the important aspects of purchasing management and mainly analyze thesupplier related issues and selection criteria of supplier in KFC. The essay will also analyze thepurchasing costs tools used by KFC and also highlight the Information Communication andTechnology (ICT) for purchasing functions and management in KFC. KFC is also known as Kentucky Fried Chicken which was founded by Colonel HarlandSanders in the year 1952, the company is a largest fast food chain located in Kentucky, UnitedStates. KFC deals with the products of fast foods like chicken pieces, fried chicken items, salads,sandwiches and wraps. The company mainly focuses in fried chicken items and desserts as well.KFC is considered as a Star system which means, it selects alternative suppliers for a globalevaluation of supplier management system. This global evaluation system includes five vitalareas like communication, quality, and reliability, technical and financial. KFC have a vast rangeof strong competitors in the fast food industry, it has a direct competition with Chicken Cottage,The Fried and Grill, McDonald and also with Burger king. The competitive prices andinnovation have become the center point for KFC in their planning. The main strategy and goalof KFC is that they desire to run their promotional activities in a more innovative way, so that itcan create its brand image in the minds of the customers and customer’s first preference wouldbe KFC. The firm desires to become the first preference as if the business of KFC will expandthen they have an opportunity to gain more profits. So, basically this study will show thepurchasing management of KFC and also various aspects related to purchase.3
Purchasing Management | KFC - Essay_3

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