Business is becoming more and more competitive, and organisations have realised that purchasing and Supply Chain Management (SCM) are key factors in...

Business is becoming more and more competitive, and organisations have realised that purchasing and Supply Chain Management (SCM) are key factors in satisfying customers. Buyers and supply chain managers can contribute significantly to the organisation's profits. An organisation can spend as much as 50% of its sales revenue on purchasing parts, services, components and raw material. Therefore, efficient, mutually beneficial and constructive relationships with suppliers are very important to the organisation's short-term financial position and long-term competitive power.

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1. The role that purchasing can play in stimulating the small business sector (such as your company) in emerging economies. Make reference to relevant theory in your answer. (10)

2. Criteria that can be used by your company to evaluate suppliers. (10)

3. The implications that the characteristics of services have for the purchasing department in your company. (10)

4. Recommendations that can be used to prevent perceived impropriety problem in your company. (10)

5. As a procurement specialist, how would you manage conflicts of interest in your company, should they arise? (10)

6. Critical success factors related to considering international purchasing as an option for the company.

(5)

7. Potential problems areas in international purchasing that your company should take into consideration. (5)

Structure of the report