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Essay / Research Paper Abstract
Over the last decade there has been an increasing level of interest in the way purchasing and supply can be measured to assess effectiveness and alight the process with strategic goals. This 10 page paper summarizes the main points of a research paper that looked at 15 Fortune 500 companies to discover how they measured purchasing and supply performance and presents 8 steps to successful effective supply and purchase performance measurement. The bibliography cites 2 sources.
Page Count:
10 pages (~225 words per page)
File: TS14_TEsupmeasure.rtf
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Unformatted sample text from the term paper:
types, and for many years those involved in purchasing and supply has sought to use a range of measures to help assess the performance of supply and performance as well
as to help with the development of strategies. In recent years there has been increased attention paid to the less visible parts of the supply chain such as the supplied
and purchase functions with the realisation of the strategic role they can play. As the attention has increased CEOs and CFOs have wanted increasing level of information to assess supply
and purchasing and the need for viable and reliable measures that can be used. The article by Phillip L Carter, Robert M Monczka, Trish Mosconi entitled Strategic Performance
Measurement for Purchasing and Supply, published in 2005 looks at the way in which companies can deal with these types of measurements. The paper is based on research
carried out with fifteen large companies that all have effacement and well managed measurement systems for the purchasing and supply functions. The aim of the research was to look at
large corporation and consider the different ways that the problem has been resolved in the practical world. The am was to chose a diverse range of companies that could
be used as sources data, the choice was of fifteen companies all that were in the fortune 500 list and were spread across eleven industries. Eleven of the companies had
their main operations within the manufactured goods industries, although some also had service operations, four companies were primarily service operators. The research was undertaken with in-depth interviews, there were
two main thrusts of the interview, the first was to determine what metrics were used in the measurements, the second was the context of that measurement, how this fitted in
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