Assignment Example | Topics and Well Written Essays - 500 words - 125

Assignment ExampleTherefore, the participation of these different groups makes procurement a cross-disciplinary process.Public beheading nitty-gritty killing a supplier in public when they do not meet the supply requirements. such an action invokes efficiency in supply, granted that non-performance leads to death. Consequently, most suppliers at this time ensured that they fulfilled the requirement of the baron by all means, which promoted operations in the kingdom. However, the lack of power in the hands of the suppliers led to their oppression, given that the market at times faces uncertainties that could affect supply.Fol kickoffing the establishment of the law of contract, an institution can train to sue a supplier who does not abide by the contract terms of delivery. In different cases, an system of rules can range with multiple suppliers, to, maintain continuity of operations when one supplier fails.I believe in the power of negotiations. Interacting with suppliers can enhance this skill as relations can be built between the organization and the suppliers. Consequently, an organization can bargain for better prices, thus leading to low cost of purchasing. The low cost translates into low product prices, thus increasing the competitive edge of the organization. Alternatively, the organization can negotiate for suitable credit terms that allow it to operate normally in cases of minify cash flow.Technical skills also play a major role in procurement. They ensure the procure of technologically viable products. This leads to the proper integration of technology with the existing business structures, thus promoting the ability of the organization to develop innovative strategies that lead to success.Computer proficiency continues to rank as one of the most primary(prenominal) skills in an organization. The use of computers leads to the standardization of various processes in the organization, thus enhancing uniformity. Computer applications also mak e work easier, and allow the organization to