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Supply Chain Management Marketing Assignment (Doc)

   

Added on  2020-01-16

9 Pages2780 Words220 Views
Business Development
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Retail Purchasing andSupply ChainManagementMarketing1
Supply Chain Management Marketing Assignment (Doc)_1

TABLE OF CONTENTSIntroduction .....................................................................................................................................3Role of purchasing and supply in retail organization...................................................................3Evaluation of purchasing and supply chain along with implementation of management. ..........5Sourcing and supply requirements of retailing organizations......................................................5Evaluate the financial implications of purchasing and supply decisions ..................................6Purchasing selection with relation to the marketing of retail organization .................................6Knowledge and skill of negotiation procedures in procurement..................................................7Theoretical models and concepts of purchasing and supply within the UK retail sector............7Significance of the role of ethical sourcing and corporate social responsibility in purchasingand supply ...................................................................................................................................8CONCLUSION ..............................................................................................................................8REFERENCES ................................................................................................................................92
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INTRODUCTION In today's scenario, due to technological advancement organizations need to fulfill therequirement of customer while moving forward to global economics. Such advancementincreased the buying preference of the customer (Christopher, 2016). For the providing bestthings to customer the organization needs to develop the supply chain management. Purchasingand supply chain management marketing provides the guidance about the supple/value chain.Such things includes various methods in which company identify the initial raw product andservices required for producing the product or services along with delivering it to customer.Management needs to enforces in customer relation, logistic, procurement, production andsourcing in order to fulfill the supply chain management. For such activities the managementrequires the collaboration along with coordination with their other business partners forpurchasing and supply. Such business partner may include customers, intermediaries, serviceprovider and suppliers. Every organization has recognized importance of purchasing the productin professional ways. ASDA Stores Ltd is supermarket retail sector and part of Walmart's and was founded inthe year 1965. Company sales it product online and offline stores. ASDA is known for itpurchasing and supply chain market (Monczka and et.al., 2015). The company has largest supplychain business in UK. Suggested work comprises of details about the role of purchasing andsupply in ASDA. Evaluation of main components of it, financial implementation and variousconcept involved in purchasing and supply decision. Moreover, theoretical model and otherconcepts along with ethical and corporate social responsibilities are being evaluated andappreciated. Role of purchasing and supply in retail organizationRetail organization in UK as estimated to have 46million transaction daily. More than97% of food is sold offline in which 2/3 is sold at supermarkets. ASDA is having 17% of grocerymarket. ASDA have more than 570 stores. The role of purchasing and supply management isrequire in order to understand the core business activities which involves various models, whichare reflected in organizational structure. PSM help the organization in understanding more valueadded in the supply and purchasing chain. Lets discuss about the particular product that is being3
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