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Procurement of Raw Materials & Packing Materials

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Introduction:
Procurement is the acquisition of goods, services or works from an external source. It is favorable that the goods, services or works are appropriate and that they are procured at the best possible cost to meet the needs of the purchaser in terms of quality and quantity, time, and location. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing exposure to fraud and collusion.

Almost all purchasing decisions include factors such as delivery and handling, marginal benefit, and price fluctuations. Procurement generally involves making buying decisions under conditions of scarcity. If good data is available, it is good practice to make use of economic analysis methods such as cost-benefit analysis or cost-utility analysis.

Effective supply chain management is essential for the food industry because of the fact that the food products gets spoiled. The business should take care that the right products reaches the right customer at the right price and at the right time in right condition and this can be done by the managing the supply chain effectively. This improves the customer satisfaction.

The supply chain process involves the two way flow of goods or services and the information between the manufacturers and the customers. Lot of companies in the food products industry Nestle, Unilever, Magnolia etc., are getting the feed back from the customers and they utilize the suggestions given by the customers in the development of the products. Globalization has its impact on the supply and demand in the food products industry, globalization of the supply chain means transporting food products across the world to be processed and back again to the country of origin to be sold can make environmental and commercial sense. Ineffective and incompetent supply chain management can lead to the bankruptcy of the business.

The technological changes in the supply chain management improves the communication, and brings the significant changes in the relationship between the partners in the supply chain, enhances the productivity and the profits of the businesses in the food products industry.

Supply chain management (SCM) has long been considered an important aspect of most business operations, particularly those who deal with multiple suppliers, retailers and customers. This type of business setting is very much evident in the apparel industry; however, there had been limited researches investigating on what SCM techniques are used by apparel companies. Moreover, the effects of this strategy and difficulties apparel companies encounter with its implementation have not been researched as much as other business industries.

Number of Pages of Project Report: 76
Package Includes: Project Report
Project Format: Document (.doc)

Table of Contents of Project Report:
EXECUTIVE SUMMARY
CHAPTER 1: INTRODUCTION OF THE STUDY
CHAPTER 2: THEORETICAL BACKGROUND
CHAPTER 3: LITERATURE REVIEW
CHAPTER 4: COMPANY PROFILE
CHAPTER 5: RESEARCH METHODOLOGY
CHATER 6: DATA ANALYSIS
FINDINGS
CONCLUSION
BIBLIOGRAPHY
APPENDIX: QUESTIONNAIRE


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