ISCOM 361 Week 1

Individual Assignment Policies and Procedures Summary

Read the following scenario:

In todays business world, technology and new information create an atmosphere of constant, rapid change. To deal with these changes, every organization has a set of policies and procedures to help employees have a point of reference in dealing with various situations. The policies provide a set of accepted guidelines to follow when questions arise in certain scenarios. The procedures are a set of steps or details explaining how to complete job duties. A business professional must be familiar with policies and procedures in the workplace and how technology changes them. Use headers for each item please.

Define categories of purchasing policies.

Summarize basic procedural areas.

Explain how the e-supply chain affects the purchasing process.

Write a summary in 650 to 700 words.

Use a minimum of one reference and APA guidelines apply. Use headings for each bulleted requirement.

Discussion Questions

How has technology changed supply management in the last 20 years? Have changes been positive? What are potential disadvantages of not keeping up-to-date with technology? Please provide an example of something you have personally been involved with that was a positive change in supply management.

How would you describe capital goods? Some organizations do not include the purchasing department in acquiring capital goods. Is this effective? Why or why not?