Opting

for suppliers who meet cost targets but require further development in areas of

social responsibility and labour practices.

Building

long-term relationships with suppliers who are committed to gradual

improvements in working conditions.

Choosing

to streamline purchasing by reducing the number of suppliers, but ensuring that

selected suppliers uphold fair labour standards.

Selecting

suppliers who ensure fair wages and safe working conditions, even if their

products are priced slightly higher.

To increase

the total costs connected to inventory in the organisational system

To increase

material handling during cross-docking after a large production run

To increase

cycle time in the channel, resulting in improved production output

To provide protection against unpredictable

demands because of Covid-19

If we have one loyal supplier who contributes

to our improved distribution and quicker delivery, we are a winning team.

If we have many suppliers, we can have a

larger audience and broader reach.

Having one

supplier will reduce our costs because less investment in building long-term

relationships with suppliers is required.

Having few suppliers as a strategy can

help us to increase market share.

Buy

from one supplier to ensure consistency and streamline logistics

Buy from multiple suppliers to

diversify supply sources and mitigate risk

Depend

on their own mushroom production facilities to maintain quality standards

Suspend

mushroom menu items until the shortage resolves

Procurement entails the distribution of the requirements bought by the

purchasing function. 

Procurement is the strategic focus of purchasing.

Procurement is the purchasing function of government entities.

Procurement entails buying only from government

suppliers, whereas purchasing is mainly made from small businesses.

organisation’s direct customer.

customer’s customer.

vendor to a first-tier supplier.

primary set of suppliers.

Exploring alternative

battery chemistries to improve the performance, energy density, and

cost-effectiveness of EV batteries.

Developing autonomous

driving capabilities for EVs to improve the performance, energy density, and

cost-effectiveness of EV batteries.

Conducting market research on EV consumer preferences for

shaping EV design and features.

Enhancing battery management

systems for EVs to optimise battery performance, efficiency, and longevity.

Engaging in competition

between cathode chemistries in lithium-ion batteries.

Increasing demand for lithium-ion

batteries due to their dominance in the market.

Anticipating technological

advancements, such as solid-state batteries, for enhanced energy storage

capabilities.

Implementing battery recycling programs to address

environmental concerns and optimise resource utilisation.