Question: According to Benton ( 2 0 2 Q ) , changing economic and political environments, emerging technology versus labor, and the changing nature of purchasing
According to Benton Q changing economic and political environments, emerging technology versus labor, and the changing nature of purchasing as a discipline have influenced the role of purchasing and supply management. Purchasing and supply departments must abandon fragmented approaches to become a competitive strategic weapon. A company that invests in a technologybased manufacturing system must at the same time invest in resultoriented training programs. The purchasing function must become integral to transforming raw materials and parts into finished goods by using materiais, systems, information, and people. Innovative sourcing requires companywide strategies with strong, internally driven, customerfocused executive engagement.
Based on your experience, information within the required reading, and by conducting research online, explain purchasing strategies you have seen within the supply chainfocus on the movement of products. Explain different purchasing designs and strategies and explain how these strategies are separate from the supply management and supply chain management strategies. Identify how companies have realigned their purchasing strategies due to the disruptions within the supply chain.
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