Question

A manufacturing company in your area is experiencing procurement and supply challenges. As CIPS student you are requested to advise the board members of this organization on the following:

2. Procurement and supply environments

Answer 1

There are various challenges in procurement and supply chain in an organisation. some of the key areas that pose a threat are

Procurement:

• Better Risk management requirement.
• supply chain having poor transparency.
• Data Anamolies
• Better visibility and control of spend.
• Contract compliance.

Supply chain:

The challenges associated with supply chain are more or less similiar to what we see in procurement but in a different dimension.Some broader key focus areas include

• Information
• Finance
• Technology
• Transperancy
• People
• sustainiability.