Supply Chain Week 1 Discussion 3 help
Choose one of the three questions below. Share your response to the chosen prompt.
- Purchasing, procurement, supply management and sourcing are all closely related, largely overlapping terms. In time, some terms become more popular and become in vogue, while others fade into the background. In your opinion, which of these terms is “sexiest” and why? Please justify your answer with a logical argument or an example.
- Many firms use purchasing to gain competitive advantage. An example of this is Walmart, whose low prices cannot be matched by its competitors. Name such a firm and explain how it achieved competitive advantage through superior purchasing practices.
- Many firms want to show off their socially responsible practices by advertising their purchasing (sourcing) practices. Name such a firm and explain which purchasing practices it advertised to show its social responsibility.
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