We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Three Best Practices Essay Sample

essay
The whole doc is available only for registered users OPEN DOC

A limited time offer!

Get a custom sample essay written according to your requirements urgent 3h delivery guaranteed

Order Now

Three Best Practices Essay Sample

Purchasing and supply management is a very important aspect of business. IN the following I will be discussing the article “MRO sourcing goes global. Purchasing” which discusses the maintenance, repair and operations of goods and services for companies with worldwide operations. Many companies that have worldwide operations are taking different tact’s and are equally successful. I will be indentifying three best practices that are found in it. I will also be describing how the organization that I am attached to would improve from these practices.

One strategy that is currently being looked at by companies like UTC (United Technologies Corp.) is to use an integrated supply or the outsourcing approach to buying. They do this by hiring intermediaries to take over the buying process, including the provider’s technologies with their own (Susan Avery, 2009). Outsourcing could help my company because this way we could hire third parties to deal with specific departments that are not handled good by us. The outsourced parties would be professionals in certain areas which would allow us to increase productivity and profits. Deploying tactics that are global is another good strategy that any companies are taking. By going global you are able to serve the customer better. My company can benefit from this type of supply strategy because they are a global company which employees thousands with reach to different parts of the worlds, this and outsourcing go hand in hand.

Another major strategy that is taking place is to organize purchases by spend categories. One major company that is doing this is Proctor and Gamble, each category is called a spending pool and has an overall strategy and sub strategy from groups of like items that is executed regionally (Susan Avery, 2009). This could help improve the company that I am involved with because we have manufacturing facilities that are spread throughout the globe. This would help them to consolidate their supply base so that they are not spread out all over the world. They could start on a global level then go to regional then to local to find supplies.

As you can see companies are trying new ways to become successful at the MRO of goods and services. With the technology and the vast reach of companies ever expanding many of them are choosing to outsource and go global in order to find what they need and to run business more efficiently.

References

Susan Avery. (2009, February). MRO sourcing goes global. Purchasing, 138(2), 48-52. Retrieved May 26, 2012, from ProQuest Central. (Document ID: 1649185141).

We can write a custom essay

According to Your Specific Requirements

Order an essay
Get Access To The Full Essay
icon
300+
Materials Daily
icon
100,000+ Subjects
2000+ Topics
icon
Free Plagiarism
Checker
icon
All Materials
are Cataloged Well

Sorry, but copying text is forbidden on this website. If you need this or any other sample, we can send it to you via email.

By clicking "SEND", you agree to our terms of service and privacy policy. We'll occasionally send you account related and promo emails.
Sorry, but only registered users have full access

How about getting this access
immediately?

Become a member

Your Answer Is Very Helpful For Us
Thank You A Lot!

logo

Emma Taylor

online

Hi there!
Would you like to get such a paper?
How about getting a customized one?

Can't find What you were Looking for?

Get access to our huge, continuously updated knowledge base

The next update will be in:
14 : 59 : 59
Become a Member