17 Jul Critically discuss the following topics and explain how your team would help Walmart’s Cambridge Foods to satisfy its stakeholders.
Materials management includes the job of purchasing. In any industry, purchase refers to the acquisition of necessary equipment, materials, tools, and parts. The relevance of the buying function varies depending on the industry and its size. This duty is performed by the works manager in small businesses, and by a distinct department in major manufacturing companies. As soon as a purchaser places an order he/she commits a substantial portion of the finance of the corporation which affects the working capital and cash flow position. He/she is a highly responsible individual who interacts with many salespeople and can thus be deemed to have contributed to the company’s public relations efforts. Source: https://businesstech.co.za/news/business/220551/these-are-the-5-biggest-retailers-in-south-africa/ You are managing the purchasing department at Walmart’s Cambridge Foods in South Africa. Critically discuss the following topics and explain how your team would help Walmart’s Cambridge Foods to satisfy its stakeholders. Answer ALL the questions in this section. QUESTION 1 (20 Marks) In the context of the above statement, recommend a process of receiving goods that Walmart’s Cambridge Foods would adapt to improve its client quality specifications. Use relevant examples to justify your proposition.
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