Public Procurement as a Cross Disciplinary Field - Assignment Example

Financial managers aid inefficient allocation of available resources, thus boosting the procurement function. The involvement allows the various departments to participate, leading to optimal decisions that benefit the organization.

Effectiveness of the Approach Used to manage Supplier Performance by the King of Sweden

This method poses a threat of death on a supplier who fails to deliver the required consignment. Given that no one would want to die, a supplier had to ensure that the goods were delivered on time. Consequently, the method led to the constant and prompt delivery of goods, thus enhancing operations in Sweden. On the other hand, the crude method caused suppliers to fear for their lives, which does not promote good relations in business.  

Handling Non-Performance of Suppliers

Non-performance in the modern day can be handled in more sophisticated ways. Examples include the cancellation of supplier contracts, and awarding them to other suppliers who can manage to deliver.

Important Attributes of World Class Purchasers

The skill of negotiation serves a critical role in the field of purchasing. It allows the buyer to bargain for a favorable and lower price, compared to the price being offered by the seller. Therefore, negotiation enables organizations to acquire quality products at considerable prices, which helps in reducing costs. Communication also plays a critical role in procurement. It ensures that orders are placed in the right way and in the right quantities. The skill, further, allows the company to trace the goods, thus ensuring their timely delivery. This leads to customer satisfaction as they acquire goods when and where there need them, without inconveniences. Computer proficiency promotes the ability of an organization to compete successfully in the market, through the adoption of technologies that promote the efficiency of an organization.

Importance of Technology in Public Procurement

Technological advancements allow a public organization to improve the efficiency of procurement by reducing the costs associated with the process. E-procurement, for example, leads to the employment of a few employees, thus saving on expenses. More this, it enhances the speed of operations. The organization gets to purchase goods within relatively short periods. This follows the availability of the internet that allows instant communication with suppliers. This facilitates the fulfillment of urgent orders, thus handling emergencies effectively especially in the service industry, like hospitals.

Technology procurement also allows an organization to meet the particular needs of potential buyers, by customizing products to their unique preferences. The US department of energy, for example, uses technology procurement to procure sub-compact fluorescent lamps (Marinova, Annandale, & Phillimore 62).