PROC 5000 Midterm Prep Essay

8970 Words Nov 20th, 2014 36 Pages
Centralized and decentralized purchasing (Page 34, 35, & 36)
Purchasing and Supply Management used in the public sector and the private sector (notes)
Maintenance of buyer-supplier relationships (Page 65, 67, 68, 77 & 79)
Purchasing and Supply Management processes (2, 6, 28, 61)
Buyer-supplier relationships 65, 67, 68, 77, 79)
Total Quality Management (TQM) (146, 147, 148
Continuous Improvement (CI) (145, 69, 84, 86, 134, 146, 148, 149)
Quality Assurance ( In notes, Page 40, 160)
Quality Control (Page 123, 143, 146 & in Notes.
Development of E-Commerce (Page 34 ,78, 80 and blurbs in Notes)
Role of Purchasing and Supply Management (In notes, Pg 192, 253, 90, 37_
Development of specifications and a standardization program (40, 90, 119,
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As stated previously, public and private sector organizations alike increasingly will rely on external suppliers as a source of product and process technology. Strategic sourcing will drive supply chain management initiatives and strategies to achieve cost and technology advantages. In the private sector, first-, second-, and possibly third-tier suppliers, as they form integrated supply chains, will become more critical to supply dominant firms, and they will provide the basis for competing in global marketplaces and generating cash flow and return-on-investment opportunities. Supply chains will form up and downstream from dominant firms that will prevail because of their size, technology leadership, or distribution systems among other reasons. Creation of virtual supply chains will continue over the next 5 to 10 years, and firms may choose to enter into short-term strategic alliances without the legal entanglements of mergers or long-term contracts to accommodate this trend. Linkages between supply chain and business unit/company-wide strategy are expected to increase as supply chain strategies become more focused and formalized, and firms look for innovative sources to support their competitive advantage.

Again, in the private sector, development of world-class suppliers in emerging markets will prove critical to foreign market penetration, and will intensify in the future, as firms are likely to continue asking existing world-class suppliers to grow with them

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