Essays on The Process of Improving the Competitiveness of Organizations Coursework

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The paper "The Process of Improving the Competitiveness of Organizations" is a good example of coursework on management. This paper is about the strategic procurement operations that are adopted by many organizations in the process of achieving competitiveness. It is aimed at communicating the benefits of procurement in the success of an organization considering the competitive business environments. FedEx Corporation which is an international freight company is used in the process of examining the procurement function in organizations. The current information has been used in analyzing the role played by the procurement function in organizations.

The procurement function has been explored in three areas that include procurement strategy, strategic sourcing, and e-procurement. Through the evaluation of the three areas the role of the procurement in organizations especially in the business environment that competitive is demonstrated using the FedEx Company to represent the organizations in the freight forwarding logistics. Besides, the way organizations have been making use of the procurement function to achieve competitive advantages has been explored. The purchasing strategies that help in achieving competitiveness in the market are explored and the sourcing strategies that can be employed in procurement discussed.

E-procurement is discussed to assess the role that is being played by technology in the process of making an organization competitive through procurement. Introduction Strategic procurement operations are important in the process of achieving competitive advantages in the market. It is through procurement that an organization can be in a position to reduce waste in procurement. The value chain adopted by the organization is what determines the efficiency of the procurement strategies employed. For instance, FedEx has managed to achieve efficiency in operations through procurement strategies.

It utilizes technology in the process of reducing the costs associated with procuring hence helping the company in minimizing the costs of operating. FedEx has achieved cost advantages as most of its procurement strategies embrace technology hence reducing the costs of production (Edler and Georghiou, 2007). Procurement optimization has been linked with numerous benefits to an organization as it is crucial in the process of achieving competitive advantages.


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