A Purchasing and Supply Management Professional Interview a purchasing and supply management professional in a private or public organization (for example a purchasing and supply associate, a Chief...

Running Head: PURCHASING AND SUPPLY MANAGEMENT
Running Head: PURCHASING AND SUPPLY MANAGEMENT
    Operations Management
    Business
    [Purchasing and Supply Management]
    
    
    
Operations management: An operations manager needs to be efficient and the ways to improve efficiency are, proper knowledge of your work and work related issues, spontaneity, calmness, patience, efficiency, confidence on the things you do, leadership approach, good negotiation skill, influencing appearance, situation handling techniques etc.
For any company product in hand and market demand indicates its elasticity and completion of demand. It is considered as a desired condition when the price and lead time elasticity of demand are higher at higher prices and guaranteed delivery times. Obtaining a large amount of product in hand and waiting for an order is not a good strategy for the company. If there is no lead time in the production and demand is high in the market the products must be arranged to transportation. Delay should not be due to lead times but may be due to other reasons such as poor weather, unexpected vehicle stick etc.
As being a being a supplier it is my responsibility that all the material should be good and tested. I cannot compromise with quality. If the product which is offered by that person who belongs from my CEO’s country club is good and it fulfil my requirement I can use that product. Before accepting that product I will do some market survey also like which product is best and acceptable by people. Before buying the product I will analyse the product on the behalf of advantages and disadvantages. Factor affecting decision also influences the buying decision. The direct, indirect cost and portfolio analysis also affect the buying behaviour. I will also go alternative support of that material before buying. It may help me in understanding the cost and quality checkups. I will consider the CEO’s suggestion also if his product is accepted all the testing. Electronic goods are very sophisticated. If there is any default I will be answerable for it. Supply chain is the very important chain for a company. It makes availability of product at time and for everybody.
A company cannot ignore its supply chain and any upper level manager should not interrupt it. Distribution channel is a strategy everybody of that particular organization should follow.
Important things:
There are so many things in operation management which a manager must know at his/her workplace Such as operational management, Information technology etc. Different inventory method, costing techniques, ABC costing, LIFO, FIFO, WACC etc is very much required for a manager to know. Concepts of Kanban, JIT, lead time, PERT and CPM models are essential techniques which manage must know to complete a work in crash time or less time. All these are mainly required for operation but it is expected that a manager must know all these so that at the time of requirement they can use these concepts.
Just in time approach is a Japanese one and this signifies purchasing of inventory right at the time when it is required. It avoids the cost of inventory storage and maintenance.
Lead time:
Lead Time is that time which elapses between starting of the process and completion of the process. Lead time generally occurred in supply chain management, manufacturing and project management. Generally companies try to reduce the time takes...