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Supply Chain and Purchasing Process

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Explain the role of a buyer in an organization's supply chain and purchasing process. Why would a buyer need to be familiar with the supply chain of his or her organization? What are the possible ramifications of a buyer not having a complete understanding of his or her organization's supply chain?

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The expert examines the supply chain and purchasing process.

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A buyer has a vital role in an organization's supply chain and purchasing process. Due to the nature of the environment organizations operate in, in today's competitive worldwide economy, inventory management is critical. A buyer has many key responsibilities in managing inventory. He has to decide when and how much raw materials to order which will go into the manufacturing process. One aspect of good inventory management would involve having the correct raw materials ready to be put ...

Solution provided by:
Robert Reinhart, MBA
Education
  • MBA, Merage School of Business, Univ of Cal, Irvine
  • BA, Univ of Cal, Irvine
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