Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
6th Edition
ISBN: 9781305809789
Author: MONCZKA
Publisher: Cengage
Question
Book Icon
Chapter 20, Problem 1DQ
Summary Introduction

To determine: The look of future purchasing organization based on the trend described.

Introduction: The future of business is constantly changing and the new technological trends and innovation speeds up the process. Organizations are constantly under pressure to upgrade themselves and proactively thinking about the changing trends in the future. It allows many innovations that rapidly changes the business process.

Expert Solution & Answer
Check Mark

Explanation of Solution

Look of future purchasing organization based on the trend described:

Based on the trends described, Person X predicts the following changes will take place in future purchasing organization,

  • Integration of strategies of purchase department with supplier will take place as it helps to establish a proper link between purchase and suppliers.
  • In depth and more precise evaluation of purchasing will be done by organization due to increased competition.
  • Customization in purchasing will happen as it provides more flexibility to the organization.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Not use ai please
Items removed from the work area (5S) were taken to a storage area called ___________. Choose from: SORT, STORD, KNUJ, STUFF, FUDG    SORT            STORD            KNUJ            STUFF            FUDG
Could you please help explain How was the poor strategic decisions lead to economic downturns of Circuit City Company? What are the sequences of key events and problems that contribute to its collapse. Could you please explain each one them and give the examples If Circuit City would apply Lean Six Sigma. would it helped prevent businesses from collapsed?? How Qualitative and quantitative Research Methodology in Case Study Research would affect Circuit City?
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College
Text book image
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Text book image
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing
Text book image
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning