Essay on Comm 119

Essay on Comm 119 Essay on Comm 119 Purchasing Final Study Notes Ch 1 Corporate Supply Challenges - increased outsourcing places great reliance on suppliers to respond to end-customer needs. - greater dependence on suppliers for design and build responsibilities for complete subassemblies and subsystems. - increased global competition - development of new product technologies - evolving information systems - trend to single sourcing with fewer key suppliers and strategic supplier relationships Corporate Supply Opportunities - identify opportunities to reduce unit costs for products and services - identify opportunities to increase revenue - implement supply initiatives to improve customer satisfaction - reduce total costs of ownership - improve efficiency and effectiveness of the supply process - maximize value from suppliers - work with key supplier to provide product and service innovations Evolution of Supply Function Early 1900's: Clerical and tactical, focus on policies and procedures, key challenges: availability of supply and cost management Early 21st Century: strategic orientation, global supply chains, executive level leadership, key challenges: sustainability, security, globalization, risk and management. ROA - Return On Assets - The return on assets (ROA) percentage shows how profitable a company's assets are in generating revenue. ROA can be commuted as: ROA= Net Income/Average Total Assets Opportunities for Contribution of the Supply Function - Profit leverage effect - Return on Assets effect - information source - effect on efficiency - effect on competitive position and customer satisfaction - effect on organizational risk - effect on image - training ground - Management strategy and social policy Ch 2 3 levels of strategic planning: Corporate, Unit, and Function Supply Strategy Interpreted in Organizational Strategy: Supply objectives-Organizational objectives-Organizational strategy-Supply strategy 6 Major Supply Strategy Areas 1)assurance of supply 2)cost reduction 3)supply chain and support 4)environmental change 5)competitve edge 6)risk management 3 Categories of Supply Risk: Operational, FInancial, and Reputational. 4 Possible Changed Organizational Strategies Involving Purchasing: 1) Materials management 2) Project management 3)Logistics management. OR supply chain management 4) Just In TIme purchasing(production) Supply Chain Questions: What... - Make or buy - Standard VS. Special Quality... - Now VS later - Forward buy (advance) How Much... - Large VS Small Quantities Who... - Centralized VS De-Centralized - Quality of Staff - Top Management Involvement When... - Now VS Later - Forward buy (advance) What Price... - Premium, Standard, Lower - Cost-based, market-based - Lease, Make, Buy Ch 3 9 Goals of Supply 1) improve the organizations competitive position 2) provide an uninterpreted flow of materials, supplies and services required to operate the organization 3) keep the inventory investment and loss at a minimum 4)maintain and improve quality 5) find or develop best in-class suppliers 6) standardize the items and services bought and the processes used to procure them 7) purchase required items and services at lowest total cost of ownership 8) achieve harmonious, productive internal relationships 9) accomplish supply objectives at the lowest possible opportunity costs Structure Options for Large Organizations: Centralized, Hybrid, and De-Centralized. Potential Advantages & DisAdvantages of Centralization Adv: Critical mass, strategic focus, common suppliers, reporting line power, and effective planning and research DisAdv: Lack of job flexibility, lack of recognition of unique needs, distance from users, lack of business unit focus, and narrow specification and job boredom. Potential Advantages & Disadvantages of De-Centralization: Adv: speed of response, broad job specification, hide cost of supply, reporting

4 Awful Situations You Might Find Yourself in if You Could Not Hire Online

4 Awful Situations You Might Find Yourself in if You Could Not Hire Online 4 Awful Situations You Might Find Yourself in if You Could Not Hire Online Hiring a writer online is something you reserve for times when your workload is overwhelming or the task is very challenging and you need the extra help. But imagine a world without the option to hire a custom essay writer online. 1. You Don’t Have Time to Do Other More Important Tasks With all you have on your plate there will be times when the work is simply too much. What if you have something important, like the wedding of a close family member, that you are forced to miss because you need to write a paper? What a disappointment that would be to you and your family. 2. You Have so Much Work You Have No Time for a Job How will you pay for expenses and necessities when you are constantly strapped for time due to the demands of school? The reason you are attending college is to have a career and find a job which improves your finances, but how will that workout if you can not afford to eat now because you can not work? 3. You Never Go out You are young, so are your friends. They find time to go out and enjoy life, but you are always stuck at home because of the demands of school. Life should not be all work and no play, which is no life at all. Hiring a custom essay writer online will free up some time for you to relax a little and enjoy life. 4. You Have Sleepless Nights and Suffer from the Insomniac Hangover You know what we are talking about. That feeling you have when you have been up all night, hunched over your desk typing or writing. Then you look up at the clock and suddenly the sun is out again and it is time to attend your first class. That groggy, sleepy, worn out feeling you have as you force yourself through the day, fighting to stay awake and do whatever it is you need to do. Life does not need to be this way. Give yourself permission to skip nights like this and hire a custom essay writer so you can sleep easy. A world without the option to hire online is a scary thought. While it is true that you should not hire a writer online for every task and assignment, the fact that they are available when you need them is a relief. They are there when you are rushed for time and can not edit nor proofread a long, lengthy paper. You know how to perform these tasks, so you are not missing out on experience when you hire online. It’s just that you simply don’t have the time unless you sacrifice other important events in your life. Give yourself some freedom and take care of your social and academic life at the same time and get a little help with that paper. You will be glad you did.