StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Purchasing and procurement in supply chains - Essay Example

Cite this document
Summary
This report focuses on the poor management issues on Boeing supply chain management. The report starts by demonstrating how poor…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98% of users find it useful

Extract of sample "Purchasing and procurement in supply chains"

Download file to see previous pages

Thus, this study was initiated to investigate the application of supply chain management strategy in Boeing Company. The choice of Boeing is based on its strategic position in the aircraft manufacturing sector and the series of problems it faces of late. Using, appropriate theoretical framework, deduced from the work of previous researchers, the company was diagnosed, and the supply chain and suppliers relationship mapped out. Porters value chain framework also help us develop some feedback and the way forward where some value drivers, core competences and competitive advantage were identified.

Having suppliers dotted all over areas and the need to link them through a common data base was emphasized. The report of calls on top management to successfully adjust Porters value chain to suit its need. Our recommendation is for customers and suppliers to be effectively integrated into the value chain, where consumers become Pro-sumers and suppliers are turned into consumers. The existing relationship with partners, suppliers, and customers should be turned in to a long term collaboration relationship.

Boeing should integrate its logistics, procurement, operations, and marketing functions with other supply chain members so that materials, information, component parts, and finished product flow seamlessly from point of origin to final customer at low unit cost and at high levels of service (Christopher 1992). Supply chain management (SCM) is a strategic tool employed by present day business to efficiently integrate suppliers, manufacturers, warehouses, and customers so that merchandise is produced and distributed at the right quantities, to the right locations, and at the right time in order to minimize system wide costs while satisfying service-level requirements ( Cheng, Lai & Gunasekaran 2006).

In the 90s, SCM gained momentum and received due attention from practitioners and researchers. It has become present day managerial competitive weapon

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Purchasing and procurement in supply chains Essay”, n.d.)
Purchasing and procurement in supply chains Essay. Retrieved from https://studentshare.org/miscellaneous/1549264-purchasing-and-procurement-in-supply-chains
(Purchasing and Procurement in Supply Chains Essay)
Purchasing and Procurement in Supply Chains Essay. https://studentshare.org/miscellaneous/1549264-purchasing-and-procurement-in-supply-chains.
“Purchasing and Procurement in Supply Chains Essay”, n.d. https://studentshare.org/miscellaneous/1549264-purchasing-and-procurement-in-supply-chains.
  • Cited: 0 times

CHECK THESE SAMPLES OF Purchasing and procurement in supply chains

Challenges Associated with Globalization

Project Risk and Procurement Management Name: Course: Tutor: Date: Introduction Challenges associated with globalization, the environment and technology directly influence how successfully businesses manage their own supply chains.... Enterprises around the globe reap benefits associated with better supply chain management through IT supply chain management programmes because the programmes decrease costs and lead times, increasing productivity and quality as well as strengthening relations and collaboration across supply chains....
10 Pages (2500 words) Essay

Business and Educational Opportunities in Many Countries

Much ttenton hs been pd on the concept of supply Chn Mngement s t s vewed s vtl element of ny prosperng orgnzton.... The response to ths queston wll be tht there re no dvntges of one pproch to purchsng over nother; there s one wy of effectve procurement tht gurntees successful outcome nd t by mens - blncng decentrlzed nd centrlzed pproches when dong regulr purchses n the system of supply chn mngement.... n vew of bove, t s beng questoned why compnes turn to delng wth decentrlzed mngement when centrlzed procurement results n obvously domnnt effectveness....
14 Pages (3500 words) Essay

Business Operation of Dell Incorporated

According to Jones and Tilley (2007), supply chains and management have become potential... Dell, a US$60 billion high-tech giant company establishes its competitive edge in the personal computer market by being able to rely on its unique supply chain strategy.... This unique supply activity allows gathering of customer information using direct-sales model and sharing… The ultimate justification of Dell in using this strategy is for them to be able to generate close relationships with customers and suppliers....
6 Pages (1500 words) Essay

What Role Do Standards Play in Procurement and Supply Chain Management

The paper "What Role Do Standards Play in Procurement and supply Chain Management" states that since e-Procurement allows for systematic documentation of transactions, organizations are able to determine those suppliers that perform well and those that contribute best to their objectives.... But the process behind this is actually complex involving a vast supply chain especially when the organization involved operates globally.... here is, hence, for a global standard that can address the inefficiencies of procurement and supply chain systems....
8 Pages (2000 words) Assignment

IT Procurement Practices

In order to achieve this, one of the areas of focus is the supply chains and procurement methods which have to adopt philosophies and processes that enable the business to compete appropriately.... First, the process has to define a clear description of the expected outcome in the IT procurement in that, the organization is able to define the purpose that the procurement process is supposed to meet.... Implementing these best practices in an organization will provide a strong foundation for the organization's supply chain excellence....
8 Pages (2000 words) Term Paper

The Importance of Procurement in Supply Chain Management

Strategic procurement is essential to be able to handle the different situations that have brought about changes… While the entire supply chain is important and different companies give importance to the different areas of the supply chain.... It focuses on the customer and since a demand uncertainty prevails in every sector, procurement has to be economical and effective  Changing consumer preferences have also altered the procurement process of the organizations, thereby enhancing its importance in the supply chain management....
10 Pages (2500 words) Assignment

A Source for Improving the Public Supply Chain and High-Quality Public Service

The objectives of this study are to critically look at the public supply chain.... hellip; The study also intends to compare supply chain between two countries, a developing country and a developed country.... The study seeks to compare and contrast the public supply chain in the two countries.... According to Boone (2012), there are a number of advantages for streamlining public supply chain.... In most cases, public supply chain involves services rather than physical goods....
16 Pages (4000 words) Research Paper

Construction Economics and Procurement Methods

In this report "Construction Economics and procurement Methods" the construction sector is considered as the provision of materials, products, and professional services related to construction as well as the construction contracting industry.... It will then discuss the benefits available for clients, contractors and the supply chain when they get into partnering relationships when designing and constructing civil engineering projects.... The report, addressing the Oldcross Borough Council, will explain the basics of “Design-Build Finance and Operate” for public project procurement as well as its advantages and disadvantages....
8 Pages (2000 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us