Supply chain management 2

Question 1

How have purchasing managers had to adapt in today’s increasingly competitive business environment

Answer 1

Whilst cost reduction is important, the primary goal today is the need to secure a stake in the supply market, by developing positive supplier attitudes and high performance.

Question 2

Factors a purchasing manager would need to quantify when applying a failure mode and effect analysis (fmea) for determining vulnerability

Answer 2

probability of an event occuring
likely duration of the problem
its impact on the business