Assignment Task:
Select any multinational company and explain the following based on Principles of Buying:
1. Explain in detail selected company's elements of purchasing process that identifies, sustains and develops long-term supplier relationship management giving core competitive advantage in competition.
2. Explain in detail how the company locates the right destination sourcing countries and screens out credible suppliers on supplier identification, evaluation and selection platform.
3. "Purchasing can directly affect long-term growth, revenue and operating outcomes, and plans.
4. Explain in detail how legal aspects on global procurement contracts covered that draws roles, responsibilities and expectations and includes provision for dispute/conflict resolution to strengthen supplier relationship management.
5. Explain in detail with examples how company selected with its global suppliers drive continuous improvement on efficiency and effectiveness and generate global value.