Procurement Process and Supplier Relations in Company x

As part of her diploma thesis, she wanted to examine in greater detail procurement operations, the importance of market research and the process of acquiring suppliers and their satisfaction. Procurement is what determines the future of a company. In the companies to which she sent questionnaires, she received responses that they ** cooperate well with suppliers**, which means that their procurement function is also efficient.

Problem

As part of her diploma thesis, she wanted to examine in greater detail procurement operations, the importance of market research and the process of acquiring suppliers and their satisfaction. Procurement is what determines the future of a company. The procurement function will be economical and efficient when it is ** integrated** into the business process appropriately. It will be ** efficient** when it ensures professional work and interconnection between departments.

Procurement will perform its function well only if it is efficiently organised. To put it in caricature terms, a company is a large box full of information of various kinds, the common thread of which is procurement. The soul of the company depends on it, and consequently also its external image.

In her statements, she indicated that the procurement process in companies operates efficiently. If we want a company to function well, all the actors who are responsible for good business operations in the company must be well informed and integrated into their function.

Solution and Method

In the companies to which she sent questionnaires, she received responses that they cooperate well with suppliers, which means that their procurement function is also efficient. I confirm this statement. Companies also verify the efficiency of the procurement process operation, namely through regular ** analyses and risk research** in the field of procurement.

On this basis, they also decide on suppliers. I also confirm this statement. The statement whether the relationship between suppliers and companies is good.

I can say that 99% of the companies surveyed responded that the ** relationship between them and suppliers is successful** or good, only one company had a bad experience with suppliers. Therefore, I also confirm this statement. Consequently, I confirm the following statement that acquiring suppliers is ** of key importance for companies**, as it is difficult to do business without them.

I also confirm the statement about supplier satisfaction. All the companies surveyed are satisfied with their suppliers, as suppliers are an important part of the procurement function. The responses she received also indicate that they are satisfied with them, and if any disagreements arise, they resolve them promptly and fairly.

The research was conducted on randomly selected companies, so she was able to access the information without difficulties and complications.