Role Of Procurement And Supply Chain Management Essay

Role of Standards in Procurement and Supply Chain Management Procurement and supply chain are two critical aspects of organizational performance. Stiff competition in the market has called for the need for companies to strive towards streamlining their operations to meet the unique demands of their clients. One important path that has been pursued by a number of companies is the adoption of acceptable standards of operations in their procurement and supply chain. The mechanics of purchasing and all processes involved in the completion of customer sale require consistency in behavior and codes of conduct that govern these processes. The need to adopt these rules and consistency in behavior has led to more emphasis on the role of standards in procurement and supply chain. There is consensus among researchers that businesses that do not adopt required standards in their procurement and supply chain activities are likely to lag behind. This implies that the importance of standards in procurement and supply chain can therefore not be gainsaid. First, standards provide the benchmark upon which good practices are developed, implemented and nurtured. Good practices in a process encompass transparency, accountability, fairness and impartiality. According to Majid (2008), the adoption of operational standards in procurement processes eliminates corruption issues, especially chances of suppliers bribing procurement officers to gain favors. The development and implementation of goodShow MoreRelatedCareer Pl Procurement And Supply Chain Management1450 Words   |  6 PagesCareer Plan: Procurement and Supply Chain management My major in the course is chain supply management. I plan to use the education gained in supply chain management to build my career in procurement to develop my skills and improve the procurement process. In my post bachelorette degree, I intend to take professional trainings in procurement, gain more experience and build more expertise in procurement. This is aimed at helping organizations simplify the procurement function and make it effectiveRead MoreResponsibilities And Responsibilities Of A Project Manager1357 Words   |  6 Pagesresponsibilities and roles in a project. For a project manager to be successful, they must first guarantee that in the project all the responsibilities are clearly set and understood by all team members. By guaranteeing that the responsibilities and roles are assigned within the project team, this will help to ensure that the project will run smooth, with everyone knowing their roles and responsibilities. By having a successful project manager it will then offer the procurement management the strategiesRead MoreWhat Major Trends Do You See Affecting The Roles Of Purchasing Managers During The Next Decade?1447 Words   |  6 Pagesdo you see affecting the roles of purchasing managers in the next decade? In the globalization era, there are several major trends that affect to the roles of purchasing manager. As emerging markets assume a greater role in the global economy, the traditional demand and supply poles that have shaped global commerce over the last 50 years will change dramatically. More and more global company will have their purchasing managers based in China, India or Brazil. The procurement teams need to start developingRead MoreDecision Support Systems1501 Words   |  7 Pagesbuilding and model-based reasoning. They support framing, modeling, and problem solving. 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Just like other core sectors of a business the purchasing sector faces certain challenges in regards to implementing the ethics of socially responsible procurement. Purchasing can play a huge role in issues relating to ethics and social responsibility when it comes to core key areas such as customers, labor, the environment and suppliers. These particular areas are those that implement challenges for procurement to be ethically