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Read the following scenario:
·
To be the
best asset to its organization, a purchasing department must efficiently and
effectively use the purchasing process. The process includes how the department
identifies organizational needs, evaluates those needs, chooses suppliers who
fulfill those needs, ensures prompt and accurate payment, evaluates the level
to which needs were met, and facilitates improvement. The effectiveness a
purchasing department displays in overcoming challenges presented by the
process and the efficiency with which it streamlines day-to-day operations is
vital to organizational success. For an employee to work in the process, he or
she must understand it. Please use headers for each requirement below.
Choose a specific industry, such as transportation, food and
beverage, or housing.
Conduct research into the purchasing process for the industry you
choose.
Write a 1000 to 1100-word paper, addressing the following:
·
Summarize
purchasing objectives and responsibilities.
·
Explain
steps of the purchasing cycle.
· Determine
what elements of the process could be improved. Provide three to four examples
of how you would improve the process and how they improve it.
· Describe how
the purchasing process is different for capital goods. Provide specific
examples of the difference between capital and non-capital goods.
· Illustrate
how an organization may gain a competitive advantage by improving their
purchasing process.
Use a minimum of one reference
and APA guidelines apply. Use headings for each bulleted requirement.
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