POST #1 OPM POST #2(THE BUSINESS IS ABOUT OUR MEXICAN RESTAURANT)

MANAGEMENT
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Management
Post #1
The world supply chain management (SCM) has five functions namely, information workflow, resource management, logistics, operations and purchasing. The purchasing function involves the procuring of raw materials as well as other resources that are needed to produce goods. It needs coordination with the suppliers for the delivery of raw materials with no delays.
Purchasing has a vital, boundary-spanning significance in the SCM activities of a company. To realize the prospective advantages of SCM, the significance of purchasing must be put in a system wide framework, and must be looked at above handling the buyer-seller relation (Mentzer, et al., 2001). The managers must comprehend the prospective benefits to be realized via SCM relations on the basis of environmental conditions and unique resources of performance needs. It is significant for the managers to comprehend prospective benefits and costs of establishing such associations so that appropriate decision making can occur. To succeed in realizing SCM goals, purchasing needs must be comprehended in the context of the general strategy of the firm, the supply chain partners must be chosen to satisfy the strategic needs, and the associations must be coordinated in an appropriate manner.
Therefore, cost as well as quality enhancements must be comprehended and integrated from a system wide context to realize maximal outcomes (David, 2010). To realize the objectives of low total system costs related to operational strategy to SCM, reduced inventories and enhanced reliability and quality, low a stress on the implementation of logistics and purchasing is needed. To realize the objectives of competitive advantage, flexibility and speed related to strategic approached to SCM, collaboration with supplies that concentrates on the redesigning of business processes and products is needed. The...