Johannesburg - Procurement Chief at Woolworths Yogan Naidu has a passion for innovation, equality and job creation
Question:
Johannesburg - Procurement Chief at Woolworths Yogan Naidu has a passion for innovation, equality and job creation in South Africa. After just eight months in his position as head of Non-Trade Procurement, he has made significant contributions to the leading retailer's transformation objectives. “People tend to misunderstand the role of employees in procurement and underestimate the power and abilities that they possess. It is also a misunderstanding that the role is just about looking at quotes and securing items,” he told Fin24. "There is a huge opportunity for producers to level the playing fields in business. " He said Procurement Heads in large companies around the country had the power to create employment, fight poverty and positively shift the South African economy through securing products and services of small black-owned companies as well as small and medium enterprises.
As an independent consultant, Yogan Naidoo has requested your services in putting together a procurement strategy for Woolworths that will be aligned to the company’s vision and mission. You are expected to highlight several areas that the company should focus on in a bid to ensure that they remain relevant and successful in the market. The following subjects should be addressed in the report that will be submitted to Yogan Naidoo and his team.
QUESTION 1.4
Examine the role of suppliers in new product development for the organisation and recommend measures that should be adopted by the organisation towards optimising procurement results especially for new products.
This is a project-based assessment and thus all responses should be provided for in the context of the organisation provided. Further research on the organisation should be conducted so that the questions are sufficiently responded to. Make sure that the right framework is adopted.
Introduction To Business Law
ISBN: 9780324826999
3rd Edition
Authors: Jeff Rey F. Beatty, Susan S. Samuelson