Procurement teams help organizations advance social issues a

Procurement teams help organizations advance social issues and trends. Over time, procurement has required the supply base to conform and align initiatives. In the 1990’s recycling was new (now widely expected), and in the 2000’s going paperless was established. New technologies in computers and software allowed for email and PDF’s and electronic data interchange, including invoicing and payments. Now in the 20-teens, we have environmental issues and pressures being applied in the areas of energy and health.

What are the two strategies and their tools that purchasing would apply to use or align the supply base to meet customer and social objectives? What is the impact now and over time? How can you be successful, even if there is resistance from your supply base?

Solution

Meeting the demands of the customers or satisfying the needs and objectives of the customers are the essential factors of the organizations so as to achieve success in their business. The insufficient supply of the resources can decrease the purchasing and can affect the organization. Some of the strategies which can be adopted by the organizations so as to meet the customer demands are discussed here

The impact of lack of availability of the raw materials so as to meet the demand of the customer can impact the organization in a very bad way. The company reputation can be affected and also the customer loyalty can get decreased

Management of proper inventory is the most appropriate method of being successful even though there is a resistance of sufficient supply.