The module review questions cover Chapters 1 and 2 of the Monczka textbook.
In a document, provide responses to the following questions:
What is your understanding of a value chain and its relationship with the supply chain? Select a big-box retailer and explain/depict its supply chain, value chain, and extended value chain.
Explain electronic procurement and just-in-time purchasing. Also, briefly explain how electronic procurement tools can benefit just-in-time purchasing.
Discuss the differences and key objectives for the following:
involving purchasing after completion of the new product development process
involving purchasing throughout the new product development process
Submission
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Purchasing and Purchasing Operations in the Supply Chain
Student working and studying on laptop with books stacked on desk.Post a complete and thoughtful response to the discussion topics below:
Read the following in Purchasing and Supply Chain Management, 7th ed. (Monczka et al., 2021):
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Chapter 1: Introduction to Purchasing and Supply Chain Management
Chapter 2: The Purchasing Process
Reinforce your learning by reviewing the following chapter presentations:
Chapter 1 Presentation: Introduction to Purchasing and Supply Chain Management (PPTX) Download Introduction to Purchasing and Supply Chain Management (PPTX)
Chapter 2 Presentation: The Purchasing Process (PPTX)
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Discuss your understanding of the typical purchasing professional’s job entailed prior to reading the first two chapters.
Discuss some of the skills you learned from the chapter readings that are required for a successful purchasing professional and explain why.
What are the differences between being a purchasing manager and a supply manager? What activities do these professionals conduct regularly?
After posting your response, provide feedback to at least two of your peers.
Class discussions are an integral part of your learning in this course. You are both encouraged and expected to participate in online discussions. Regular and meaningful contributions are part of your final course grade.
