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International Purchasing and Procurement Essay Example

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International Purchasing and Procurement

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Are some the new roles of procurement management in the organization, where the procurement managers have to deal with the technological infrastructure essential to smooth the purchasing by fully automating this process or by allowing the main user to process transactions regardless of the participation of the procurement workforces directly. Such new trends and technologies have their main effects over the procurement rules, procedures, and tools, and also these are altering the management approaches of procurement (Gebauer, et al., 1998; Sheth & Sharma, 1999). The purpose of this essay is to analyze the impact of adopting cutting-edge technology on procurement management, where after reviewing the traditional procurement practices, the new technologies adopted by the procurement section are reviewed and their impact on procurement is evaluated in context of a real case. For more contextualized approach, the essay has focused mainly on the Retail Industry.Traditionally, the role of procurement management was quite different and it only involved the relationship and information flow between the suppliers and the organization. The main purpose of this traditional perspective of procurement was to choose the supplier that is offering lowest possible “initial purchasing price”, and to ensure that supply of merchandise or raw material is made (Spekman, et al., 1998; Lummus & Vokurka, 1999). So, in this scenario, the procurement is made with two main objectives of the procurement, lowest quote and delivery, while later the concept of the supply chain emerges, where the whole chains are associated with this process (Swaminathan & Tayur, 2003). This section provides the review of conventional procurement practices used for the purpose of procurement, and the focal industry here is the retail industry.Spekman, et al. (1998) has argued that the traditional procurement typically has features like, “…multiple partners; partner evaluations based on purchase price; cost-based information bases; arm’s-length negotiations; formal short-term contracts; and centralized purchasing…” (Spekman, et al., 1998, p. This environment of procurement, where there are a greater number of suppliers and only the lowest possible purchase price has to be achieved, motivates a head to head competition between these suppliers (Bernstein & Federgruen, 2003). While the main supposition of such surrounding is that the suppliers can be substituted easily and also that

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