Describe how purchasing strategy is becoming more intertwined
Part 2 Essay Questions:
Provide a meaningful 3-4 Sentence response to each of these questions.
- Describe how purchasing strategy is becoming more intertwined with organizational strategy. How has this evolved and how is it changing the role of purchasing managers?
- Describe the legal ramifications that are associated with the purchasing role. What are some of the key roles and responsibilities related to the legal ramifications to the firm? Also include in your answer the four components of a legal contract?
- Describe the process of negotiations. Be sure to include the difference between distributive and integrative bargaining along with the psychological factors often associated with the negotiation process?