Purchasing and Supply Chain Management - 2029 Words

Name : Rehen Padayachee Student No. : 71511547 Programme in Purchasing and Supply Management Module : PPSM015 – Semester 1 Assignment 01 The fundamental management tasks that I will look at is planning and organizing. Planning Planning is the fundamental element of management that predetermines what the business proposes to accomplish and how it intends realizing its goals. Planning involves those activities of management that determine the mission and goals of an organization, the ways in which these are to be attained and the utilization of the correct resources to realize them. Planning involves the following three dimensions : The determination dimension - Where a specific future date is determined by when an organization must†¦show more content†¦The business environment refers to the market or sector in which the organization has chosen to participate. Managerial values and the experience of management are further factors that influence the formulation of goals. There are various organizational goals, Owners and top management are concerned with the mission of the organization and long ter m strategic goals which deal with profitability, competitive position etc. Middle management looks after tactical or functional goals which focus on how to carry out tasks to achieve strategic goals. Lower management sets operational goals which are generally short term. To satisfy the initial requirements of setting goals, management must understand the importance of goals †¢ †¢ †¢ †¢ †¢ †¢ Goals provide guidance and unanimity Goals have to measurable so that managers can check whether the goals are being accomplished The responsibility for achieving goals should be clearly assigned to specific individuals Goals must be set consistently to avoid conflict with one another Goal setting must be integrated with the remuneration system in order to provide subordinates with a means of realizing both business and personal goals Management must ensure that they get the employees buy-in on the goals The second phase of planning is developing plans which include the consideration of severalShow MoreRelatedPurchasing and Supply Chain Management Essay1769 Words   |  8 PagesPurchasing and Supply Chain Management Assessment 1 Nessa’s Bar Report Course Code: BS1D75 Student Number: 08154619, 09046100, 09030883, 09046577, 09047735 Contents Page †¢ 1.1.1 Problem – Poor Organisation on Purchasing and Supply†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¢ 1.1.2 Solution - Poor Organisation†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¢ 1.2.1 Problem - Purchasing Policy Procedures†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¢ 1.2.1 Solutions - Purchasing Policy Procedures†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¢ 1.3.1 Problem - Poor Management†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¢ 1.3.2SolutionRead MorePurchasing And Supply Chain Management Analysis2492 Words   |  10 PagesPURCHASING AND SUPPLY CHAIN MANAGEMENT ANALYSIS OF TWO COMPANIES TESCO AND ASDA Summary I have chosen to do the assignment on comparing these retail giants over their purchase and supply chain management and its key issues. I was working for a firm in india which is indulged in day to day purchase and supply and was not much effective. It was the main reason to do a research on these firms and to discover how do they handle such an effective supply chain management. Researching on key issuesRead MoreText Book Purchasing: Supply Chain Management2090 Words   |  9 Pagesï » ¿BUS-230-W01 Joseph Marshone Phillip Lemmon Case Study Avion, Inc. 9/28/14 In Case 1 (Avion, Inc.) of the text book Purchasing Supply Chain Management, procurement managers Susan Dey and Bill Mifflin are having a meeting about struggles of a supplier they are using for a certain material required to make their product. In this meeting they start by discussing how they are in a large surprise that this Foster Technologies, the supplier, is not meeting the quality and on time delivery they had setRead MorePurchasing and Supply Chain Management: Pricing Decision1061 Words   |  5 Pagesprofit; pricing decisions also must be based on the degrees of competition and buyer seller relationships† (Benton, 2010 p. 297). Prices must cover cost, be set to preserve equilibrium in the market place, and set to assure sales. â€Å"In order for the purchasing professional to survive as an effective buyer, she or he must have an adequate understanding of economics and psychology. In addition, the federal, state, and local laws that affect price also must be follow ed† (Benton, p. 294, 2010). In today’sRead MorePurchasing and supplier management Supply chain management and Lean were depicted in T5 agreements1100 Words   |  5 PagesPurchasing and supplier management Supply chain management and Lean were depicted in T5 agreements attained with suppliers. In the terminal 5 project, the supply chain management was driven for better supplier contract in procuring the supply and services. 3.3.7.1 Vanderlande Experience and partnership at London Heathrow Terminal 5 The main IT troubles were in BAAs baggage systems. It was their answerability and the accountability of their providers. The parliamentary report sheds light on theRead MoreThe Supply Chain Of Honda Essay1334 Words   |  6 PagesFrom above, the process of Honda’s supply chain in purchasing is very clear. Firstly, the purchasing division of Honda signs a purchase order with the component suppliers and then these suppliers determines the needed raw materials and sends a demand to Honda after receiving the order. The next is that Honda trading classifies these orders into different materials and signs a purchasing order with these raw materials factories. After then these factories send these raw materials to suppliers. FinallyRead MoreProcurement: Purchasing Management Association1205 Words   |  5 PagesIntroduction  to  Procurement     Quiz  #  1   True/False  (1  mark  per  question)   1.   Competition  today  is  no  longer  between  firms;  it  is  between  the  supply  chains  of  those  firms.   True  Ã‚   False   2.   There  is  a  definitive  and  prescriptive  set  of  supply  chain  measures  that  applies  to  all  supply  chains.   True   False  Ã‚   3.   The  knowledge  and  skills  demanded  of  today’s  supply  professional  is  the  same  as  before.   True  Ã‚   False   4.   The  key  to  the  success  of  any  company  is  the  quality  of  its  employees.   True  Ã‚   False  Read MoreHistory Of Green Supply Chain Management1324 Words   |  6 PagesEnvironmentally sustainable (Green) supply chain management has gained attention within the area of industry, because the environmental issue is one of the serious concern for governments. Green supply chain management is one of the key approach for Chi nese manufacturing industry to achieve their market share objectives and to make maximum profit for the companies(van Hock and Erasmus, 2000). Green supply chain management is a management with combination of environmental and supply-chain, considering environmentalRead MoreSupply Chain Management1598 Words   |  7 Pagesorganization, and every company at least one supply chain relationship with another organization. Research has led to the conclusion that the structure of activities within and between companies is a critical cornerstone of creating unique and superior supply chain performance (Lambert, 2005). Successful supply chain management requires integrating business processes with key members of the supply chain, because valuable resources are wasted when supply chains are not effectively managed. Standard businessRead MoreThe Importance Sustainable Purchasing Supply1625 Words   |  6 PagesThe Importance Sustainable Purchasing Supply Name Institutional Affiliation Date The Importance Sustainable Purchasing Supply The purchasing and supply function is strategically vital in laying the foundation for an organization to acquire a competitive advantage. I have taken this stance following thorough literature reviews and taking into consideration statements that are relative to pertinent techniques, tools, and models. In addition, it has been taken into consideration with a focus on