Question
As an independent consultant, Yogan Naidoo has requested your services in putting together a procurement strategy for Woolworths that will be aligned to the company's
As an independent consultant, Yogan Naidoo has requested your services in putting together a procurement strategy for Woolworths that will be aligned to the company's vision and mission. You are expected to highlight several areas that the company should focus on in a bid to ensure that they remain relevant and successful in the market. The following subjects should be addressed in the report that will be submitted to Yogan Naidoo and his team.
1.1Conduct a SWOT Analysis for the procurement function at Woolworths which will be used by Yogan Naidoo in putting together a strategic plan. You should conduct secondary research and refer to relevant literature.
1.2 (20 marks) Critically discuss what a procurement strategy entails and advice on the strategy(s) that should be pursued by the organisation. You should provide justification for the recommendations provided.
1.3 (20 marks) Provide an analysis of the value adding role of procurement at Woolworths and reflect on how this has transformed over time and is also expected to change in the coming years.
1.4 (20 marks) Examine the role of suppliers in new product development for the organisation and recommend measures that should be adopted by the organisation towards optimising procurement results especially for new products.
1.5 (20 marks) Examine if Woolworths should continue procuring from small businesses and provide recommendations on the various strategies that should be adopted towards improving the performance of suppliers categorised as small businesses.
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