Question 1

Assume you are the chief purchasing officer at a manufacturing company of mobile phones. Your company sources from numerous suppliers globally. Using examples, discuss how using e-procurement applications can affect managing four types of risks (technical risks, commercial risks, contractual risks, and performance risk) in your supply base.

Question 2

Using examples, discuss how the below practices can impact the specified step of the purchasing process in the car manufacturing industry:

a)The impacts of 'Lean principles' on the 'determining specification' step.

b)The impacts of 'vendor managed inventory (VMI)' on the 'supplier selection' step.

c)The impacts of 'enterprise resource planning (ERP)' on the 'expediting and evaluation' step.