Impact of Megatrends in Supply
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Based on your experience or readings, discuss how these mega trends affect the Purchasing and Supply Management professional in the exercise of his/her duties and responsibilities - in particular Supply Chain Management and Supplier Outsourcing in the public and private sectors. What are the salient factors that have contributed to the evolution of the Purchasing and Supply Management profession? Are the use of supply chain management principles/practices and the establishment of strategic alliance agreements with select suppliers more conducive to private sector organizations? What are your perspectives?
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This solution explains the impact of megatrends in supply management on supply chain professionals. The sources used are also included in the solution.
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The megatrends have affected the role of the supply chain management and purchasing professionals in several ways. First, the open, shared information, and interactive information management has affected the role of the professional in several ways. Earlier, the purchase manager was required not to disclose information to the suppliers, now the supplier is required to act on the information he receives. The role of the supply chain management and purchasing professionals now is to ensure that the supplier acts in a timely and responsible manner to the available information. Second, the supply chain management and purchasing professionals are now answerable for the performance of the full supply chain. They are required to get the best quality inputs at the most reasonable price. They have to ensure that the entire supply chain works without a hitch and the inputs are available when required. Further, the supply chain management and purchasing professionals are required to ensure that inventories are kept at the minimum. The professionals are responsible for inventory carrying costs and also costs of stock outs. The role of supply chain management and purchasing professionals ...
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