A) The definition of purchasing and supply management and the Essay

A) The definition of purchasing and supply management and the importance to the business world - Essay Example All the activities carried out under purchasing and supply management, call for cost-effectiveness. Individuals assigned the tasks of purchasing and supply management have to apply tactics and strategies when selecting suppliers and negotiating prices. This paper provides a discussion of purchasing and supply management. The discussion includes the importance of purchasing and supply to the business world, steps in creating project supply, service, and material budget, selecting suppliers, strategies for negotiating prices and costs of outsourcing. The paper concludes by evaluating organizations that are benchmark in purchasing and supply management. Purchasing entails acquiring goods and services necessary for the organization’s day to day operation or manufacturing of products. Supply management, also referred to as supply chain management is the process employed by organizations with the objective of having a cost-effective and efficient supply chain. In commerce, through purchasing, industries and public corporations procure raw materials, supplies and services. The important processes included in purchasing are identifying the needs, selecting the supplier, negotiating appropriate price, reviewing the terms and conditions, issuing the order or contract, and finally, follow up on the delivery. Basically, purchasing is centered on the task of ensuring that materials or products, which are of right quantity, quality and price are obtained from the selected supplier at the right time and place. Purchasing is done either for resale by retailers and wholesalers or for transformation that is industrial purchasing (Benton, 2 006). A supply chain in most cases comprises five important stages, which are plan, develop, make, deliver and lastly return. In supply chain management, the first stage, known as a plan is to determine how goods and services will satisfy customers’ requirements and needs. Develop, as the

Writing Project Three Essay Example | Topics and Well Written Essays - 1250 words

Writing Project Three - Essay Example Consequently, the country has been forced to introduce mechanisms for sorting out trash into different categories, such that most of the trash is recycled, and only a small percentage of it is disposed, mostly through incineration (Onishi, n.p). Thus, in â€Å"Japan, up to 80 percent of garbage is incinerated, while a similar percentage ends up in landfills in the United States† (Onishi, n.p). At this point, it becomes important ponder over the question: if Japan has fallen short of land such that it exports its trash for disposal in the United States landfills, what is likely to happen in the future, if the trash being produced globally is not minimized? The global population continues to grow by the day, and the world has recently hit the seven billion mark. However, the world is not expanding as the population expands, and thus essential resources, most especially land, continues to become scarce as more population is added to the global statistics (USDA.gov, n.p.). Consequently, if the scarcity of land globally is to be mitigated effectively, then there must be a drastic reduction in the trash produced, which will in turn reduce the need for dumpsites. This will effectively create more usable land for accommodating the growing population. Thus, more than ever before, there is a great need for the world to take the path that has been charted by Japan, and start reducing the amount of trash that is produced. However, while this is a noble course, it will have little impact, if the society is not fully educated and implored into buying the ideas of trash reduction (NEEF, n.p.). Thus, education becomes a very important tool through which the objective for reducing the trash produced globally can be achieved. Tomorrow’s leaders must be equipped with the necessary skills, knowledge and capabilities for tomorrow’s challenges, which therefore