supplier management
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My assignment topic is "how can supplier management help a company gain a competitive advantage?"
I need help for items 1 & 2 only. No need to elaborate the advantages and disadvantage of supplier management. Conclusion is also not required. Please focus on the case study (company).
1) Introduction for above subject (how can supplier management help a company gain a competitive advantage?") and refer a company name " how did they practice to achieve the CA "
2) Describe how the company (case study) used supplier management to gain competitive advantages?
****please do not describe what is supplier management, advantages, disadvantages, conclusion.....etc as I will be doing these parts.
*****requirement ----- use Chicago referencing. Thanks!
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supplier management is discussed in great detail in this solution.
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1) Introduction for above subject (how can supplier management help company gain competitive advantage?") and refer a company name "how did they practice to achieve the CA".
Supplier management can help a company gain competitive advantage in several ways. First efficient supplier management can lead to low cost and high quality purchases. This gives excellent cost advantage to the firm. This method has been used by Wal-Mart it has used high quality of supplier management to gain competitive advantage and has remained profitable even though the economy is weak. Other methods in which supply chain management can help gain competitive advantage are through getting high quality produces or though getting specialized products/raw materials.
2) Describe how the company (case study) used supplier management to gain competitive advantages?
Wal-Mart used supplier management every effectively. Wal-Mart found sources that supplied good quality products and it negotiated rock-bottom prices with these sources. In addition, Wal-Mart scoured the globe for sources that had cost advantages and developed it supply chain. Further, Wal-Mart uses the latest technology to manage its supply chain.
Wal-Mart worked hard with its suppliers and tried to understand the cost structure of manufacturers; it made the purchase process transparent and ensured that its suppliers were making the best efforts to reduce their costs. After driving a hard-bargain, Wal-Mart established long term relationships with these suppliers. Wal-Mart also had the policy of favoring local and regional vendors and suppliers so that transportation costs ...
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