Question 1
What is the advantage of outsourcing significant functions of an organization?
◦ Companies have increased globalization.
◦ Companies can concentrate on core competencies.
◦ Companies can better utilize value webs.
◦ Companies can move toward becoming unstructured.
◦ Companies can expand their focus.
Question 2
What is the goal of purchasing?
◦ To ensure the company has what it needs, when they need it, at the lowest possible cost
◦ To determine the right quantities of supplies and products to have on hand
◦ To track where items are in the supply chain
◦ To link a company's financial system to other processes
◦ To extend resource planning to encompass the entire organization
Examples of goal setting
Tracking Goal-Setting Progress
Six-Step Process for Goal-Oriented Planning
Oprah Winfrey reached her goal weight
Manage First: Inventory and Purchasing