1. Discuss the concepts of centralized vs. decentralized purchasing authority, identify their relative advantages and disadvantages, and provide examples of when each may be appropriate.
2. Differentiate between the principles and practices of Purchasing and Supply Management used in the Government (e.g. Department of Defense, Federal Agencies) and the private sector (e.g., manufacturing and retail business). What are the salient differences?
3. How do these differences affect the establishment or maintenance of buyer-supplier relationships
a. Discuss the transformation of buyer-supplier relationships?
b. What are the three levels of buyer-seller relationships and their relative differences?
4. a. Explain the role of Purchasing and Supply Management in new product development as well as development of specifications.
b. How can cross-functional teams be used in new product development and the creation of specifications for new products.