Business Finance Homework Help

Chapter 3 covers three critical areas of purchasing policies and procedures:

• Why purchasing policies are essential
• A summary of different purchasing policies
• An overview of different types of purchasing procedures

Chapter 4 is titled supply management integration for competitive advantage and discusses the following topics:

• Why integration is essential for company performance
• The role of supply chain management for internal and external integration
• The role of cross-functional teams in promoting supply chain integration
• How supply chain managers can work with engineers and suppliers to develop new products and services

Please see the articles and website below.

A. SupplyChain247: “Supporting Supply Chain Resiliency by Embracing the Principles of Continuous Design,” Link: https://www.supplychain247.com/article/supporting_supply_chain_resiliency_by_embracing_continuous_design/supply_chain (Links to an external site.)

B. SupplyChain247: “Top Challenges and Solutions for Optimizing Procurement & Inbound Supply Processes,” Link: https://www.supplychain247.com/article/top_challenges_and_solutions_for_optimizing_procurement_inbound_supply/one_network_enterprises (Links to an external site.)

C. Overview of Tesla: https://www.tesla.com/about (Links to an external site.)

Please read Chapters 3 and 4, SupplyChain247 articles, and the overview of Tesla before posting your comments.

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1. Please see Exhibit 4.7 on page 150 in the textbook and discuss the benefits of on-site supplier representatives for Tesla (Link: https://www.tesla.com/about (Links to an external site.)  ).
2. Please discuss how principles of continuous design can be used to develop supply chain resiliency for Tesla as the company brings new products to market (Article A).
3. Describe how purchasing policies and procedures can be used to develop supply chain resiliency at Tesla in the future.
4. Please describe how the challenges and solutions for optimizing supply chain integration in the SupplyChain247 article could be used by Tesla to gain a competitive advantage (Article B).11:59 p.m. Central Time