Assignment 2.2 Questions: Purchasing Policy and Procedures

Business
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Business
Purchasing Policy and Procedures
Incorporating environmental performance is one of the ways that companies are using to make sure that they are able to increase their rating in the market. this is relative to the fact that most of the customers are aware of the environmental campaigns in reference to sustainable business models (Purchasing Policy and Procedures, 2016). Consumers are more likely to be loyal to companies that show initiative in environmental sustainability and conservation. This is opposed to the traditional approach, where maximum exploitation of resources was carried out, with reference to business processes and production systems.
Backdoor buying and selling are socially engineered practices that are used by suppliers and buyers to make sure that they have the competitive advantage, before negotiations. The practice reduces leverage of the buyer as well as the need to negotiate and getting a better price or getting an assurance on contracts. This is unethical as it eliminates the elements of a free market and equal opportunities (Ankit, 2015).
Supply Management Integration for Competitive Advantage
The black box approach is associate with manufacturers brining in suppliers and the relevant stakeholders early into the product development. I...