Discuss the future of purchasing

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Reference no: EM131227559

Below I have summarized the trends you selected. Without waiting 10 years, we cannot know which of you was exactly right. Some of you selected current issues, which could go on for 10 years, I suppose. Others discussed issues you are facing, which may be fine-you must balance what you are most familiar with against the risk that you are missing a broader point of view. Many of you cited sources or personal examples to support your point of view, which was a plus.

Here are the trends you selected, with the numbers indicating multiple selections. I summarized some, but others still may fit into broader categories.

Please continue to discuss the future of purchasing (supply management) In Discussion 2.1. Which of the trends mentioned below are the most important? Justify your choices.

Trends

Selections

Risk management

5

Globalization

3

Corporate social responsibility and sustainability(CSR)

3

Improvement of purchasing and supply processes through technology Rapid change in technology-driven integrations and visibility, focusing on higher flexibility

3

  • Digitization

1

  • Cloud computing technologies

1

  • Digital technologies to enhance data management

1

  • Artificial intelligence

1

  • Big data analysis

1

Safety and security: Cyber security

2

Customer satisfaction: Customer Centric Approach to Supply Management

2

Product's life cycle

1

Effective contribution to organizational success

1

Involving suppliers in innovation and development

1

Micro segmentation

1

Agile inventory management

1

Agility in the decision making processes

1

Supply disruption importance de-escalated

1

In case you missed it, earlier this week the WSJ had a report on Women in the Workplaces, part of which included this segment on negotiating:
https://www.wsj.com/articles/how-christa-quarles-got-over-her-fear-of-negotiating-for-herself-1474963202.

Reference no: EM131227559

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