Question

Explain how to define a successful project in purchasing and supply chain analysis tools and techniques

Answer 1

A successful project in terms of purchasing and supply chain analysis can be defined as the one which possess the appropriate resources to make the project better and successful from the source to the target. The project needs to possess tools and techniques which will ensure that supply chain of the project is effective in terms of accuracy and agility and the supply chain and purchasing techniques should work for the betterment of the organization. For example if the project is able to determine the actual supply that they require and the demand then it would be better for them to execute and this is possible only when the tools an dtechniques used are efficient and effective for the project. It can be stated that this will help the organization and the project to plan in a more efficient manner so that the approach is successful.