Explain the advantages and disadvantages of the procurement


Discussion question 1

Master data is a set of core data elements with their associated hierarchies, attributes, properties, and dimensions. For example, customer, product, legal entity, chart of accounts, employee, vendor, etc. that span the enterprise IT systems and drive the business. It is not transaction data. Material master is used in different processes. Material master data is used in an ERP system.

What data in the material master are relevant to the purchasing process? Why?

Discussion question 2

Explain the advantages and disadvantages of the procurement and fulfillment processes.

Discussion question 3

Identify a job that you really like then identify a job that you disliked and wanted to quit. Assess both jobs in terms of the freedom you were given to make decisions. How did the design of each job impact your decision-making and your attitude about making those decisions? How did it impact your motivation level on the job? Share your experiences and thoughts.

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Business Management: Explain the advantages and disadvantages of the procurement
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