Discuss the following:
1. Examine the steps of the supply process and identify a project where improvements could be made in one or more of the steps. Would the project have been more successful with the implementation of any or all of these steps in the supply process?
According to the textbook, the supply process is broken down into nine steps. They are: Recognition of need, Description of need, Identification and analysis of possible sources of supply, Supplier selection and determination of terms, Preparation and placement of purchase order, Follow-up and/or expediting the order, Receipt and inspection, Invoice clearing and payment, and Maintenance of records and relationships
2. The process of outsourcing the creation of a product or a service is a controversial, yet critical strategic decision for many employers. Describe one example from your professional experience, or that you are familiar with, where a process or function was outsourced. What are the financial implications of this change? Did the quality of the product or service stay the same, improve, or decline?