Application is the key to this SCM course. Everyone could easily read and remember the textbooks, but applying what you learned into the real world is a completely different story. This assignment gives everyone the opportunity to explore the applications of purchasing management and to identify the linkage between theory and practices.
Instruction:
To finish this assignment, you need to first read the chapters slides and textbook to build a solid understanding of purchasing management, such as what business functions or activities belong to purchase management, and what key issues and strategies of purchasing management are. Equipped with a solid understanding, you can find a relevant article and identify the linkage between the knowledge you learned and the practical scenarios. In the end, briefly list your takeaways.
Requirements:
Find a recent news/article about purchasing management
1. Article title and the website link to the article you choose
2. Briefly summarize the article/news (using 3-5 sentences in your own words to introduce the article to the rest of the class)
3. Explain how this article is related to the contents of this week
4. Your takeaways from this article (list 3 bullet points you learned)
