Hesiod s Version Of The Prometheus And Pandora - 1896 Words

Hesiod’s versions of the Prometheus/Pandora story and the book of Genesis’s story of Eve’s act of eating the forbidden fruit both introduce a female figure whose actions are connected with the seeming introduction of evil into the world. At first glance, it appears that the Genesis story is more compelling than Hesiod’s account at explaining the origin of evil because its monotheistic structure makes the logic behind the evils far more clear and straightforward than Hesiod’s logic. The act of disobedience by Eve seems fully her own fault while God (Yahweh) is faultless. However, Genesis is too simple because the story of Prometheus/Pandora is far more complex. The Hesiod story of Prometheus/Pandora is more compelling than Genesis because the conflict allowed disputes between the gods in its polytheistic worldview rather than one god making Hesiod more compelling at explaining the evils of the world. In order to make this argument, this paper consist of three parts. The first part will argue why Genesis is seen as the most compelling text due to its simplicity and logic. The second part will examine Hesiod’s Prometheus/Pandora story to prove that the complexity makes a logical statement of why the evils in the world came to be. The final part will be counter argument which states that Genesis might be more compelling at explaining the evils of the world because it demonstrates both divine and mortal choices. Genesis offers one God s divine dominance on creation, making GodShow MoreRelatedThe Role Of Hesiod s Theogony And Works2093 Words   |  9 Pagesdichotomy reveals itself with the conflicting versions of Prometheus and Pandora present in the two poems. In Works and Days, Hesiod attempts to expose Perses’s mistakes through the interaction of Prometheus and his brother Epimetheus. Hesiod relates himself to Prometheus and takes great effort to portray the immortal in a positive light. Epimetheus, who could be described as Perses’ surrogate, is a fool. He takes this further by emphasizing the agency Pandora possesses in Works Days compared to theRead MorePandoras Box: What the Myth Means Today1809 Words   |  8 PagesPandoras Box: What the Myth Means TodayIntroductionImagine a life with no pain, worries, or misery in which to speak all evils held secure by a sacred beast or mythological container. This is the life described in many fantasies of the days before man, wom an, and hardship. With any myth, however, unlocking and explaining the gift of knowledge and becoming aware seems to account for all evils that have been imparted upon humankind. This is a very similar beginning to the story of Adam and Eve inRead MoreThe Myths And Rituals At Mycenaean And Minoan Sites1792 Words   |  8 PagesSir Arthur Evans in the twentieth century, helped to explain many existing questions about Homer s epics and provided archaeological evidence for many of the mythological details about gods and heroes. Unfortunately, the evidence about myths and rituals at Mycenaean and Minoan sites is entirely monumental, as the Linear B script was used mainly to record inventories, although certain names of gods and heroes have been tentatively identified. Secondly, visual sources sometimes represent myths orRead MoreGreek Mythology s Influence On The Arts And Literature Of Western Civilization2652 Words   |  11 Pagestold for amusement, also found their way into Greek myth. Greek mythology originated as oral literature, or stories told out loud. The ancient Greeks told their myths over and over again before they were written down. There are thus many different versions of these ancient stories. Today the Greek myths are known primarily from written Greek literature such as the Iliad and the Odyssey. These classic epics—long, narrative poems praising heroic deeds—are said to have been written by the poet HomerRead MoreGreek Mythology8088 Words   |  33 PagesPoseidon  seems  poised  to  strike  with  his  trident,  which  today  is  missing.  The  statue  is  in  the  National   Archaeological  Museum  in  Athens,  Greece.   Nimatallah/Art  Resource,  NY   Greek  mythology  has  several  distinguishing  characteristics,  in  addition  to  its  multiple  versions.  The   Greek  gods  resembled  human  beings  in  their  form  and  in  their  emotions,  and  they  lived  in  a  society   that  resembled  human  society  in  its  levels  of  authority  and  power.  However,  a  crucial  difference   existed  between  gods  and  human  beings:  Humans  died

Supply Chain Management For A Competitive Advantage

Today’s world great organizations are emerging in inventing powerful resources for a competitive advantage. It is called supply chain management and it includes all integrated activates which introduce to market place and maintain customer satisfaction. This supply chain management drives from multi- disciplinary departments such as procuring, transportation, manufacturing products, customer services, distribution of product into integrated program. Successful management will be in coordination and integrated in all these activate in an unbroken chain process. It supports and interconnected to all the partners within the organization, where these partners are merchants, third party companies, transporters, third party companies and product providers. The significant of supply chain management is involved in today’s trend in challenging business industry, by maintaining slow and constant the company may not achieve to success. In today’s generation organization is recognized by providing products to clients in quick manner than the competition will develop the position of competitive in company. For more competitive, the organization should involve to find new solutions to resolve supply chain management issues like modal analysis, load supply, mapping, and on time network distribution designing. While a company or a firm must face company challenges which may affect globalization designing. Why it is necessary for organizations to provide products to their customersShow MoreRelatedCompetitive Advantage Using Supply Chain Management2124 Words   |  9 PagesGAINING COMPETITIVE ADVANTAGE USING EFFECTIVE SUPPLY CHAIN MANAGEMENT 1.0 Introduction Christopher (2005, p.5) describes supply chain management as follows: â€Å"The management of upstream and downstream relationships with suppliers and customers to deliver superior customer value at less cost to the supply chain as a whole† Until recently, supply chain management has been largely viewed as a necessary evil and the focus has been strictly on cost reductions. Today however, many are coming to the realizationRead MoreCreating Competitive Advantage through Supply Chain Management1413 Words   |  6 PagesCreating a Competitive Advantage through Supply Chain Management Introduction The supply chain is one of the primary ways in which an organization adds value to the consumer. Value is gained through this process in several ways. It can come from design, quality, price, or efficiency. Furthermore, supply chains can be optimized for tactical considerations such as turnover rates or economic, strategic decisions such as location or product life cycle management, or even strategic factors suchRead MoreGaining Competitive ‎Advantages Through ‎Supply Chain ‎Management: Success ‎Stories3324 Words   |  14 PagesGaining Competitive Advantages Through Supply Chain Management: Success Storie TABLE OF CONTENTS 1. INTRODUCTION - 1 - 2. BACKGROUND - 1 - 3. THEORY - 2 - 4. DISCUSSION AND ANALYSIS - 4 - 4.1. ZARA - 4 - 4.2. Dell - 6 - 4.3. FedEx - 6 - 4.4. Wal-Mart - 7 - 5. CONCLUSIONS - 8 - 6. REFERENCES - 9 - 1. INTRODUCTION The business environment has been suffering from fierce competition since the escalation of technology evolution and internet growth had become wildlyRead MoreCompetitive Supply Chain Relationship Management Essay1416 Words   |  6 PagesOF COMPETITIVE SUPPLY CHAIN RELATIONSHIP MANAGEMENT PRACTICES IN ORGANIZATIONS PRACTICES THROUGH COMPETITIVE PRIORITIES. Over the years, the competition landscape for most companies has shifted from the highest-quality, lowest priced product or best performing product to the ability to respond to market needs quickly and get the right product at the right time to the right customer. This has in turn forced organizations to compete with their supply chain. Understanding supply chain management andRead MoreThe Role of the Internet in Supply Chain Management1872 Words   |  7 PagesSupply chain (SC) is made up of all the activities that are required to deliver products to the customer – from designing product to receiving order, procuring material, marketing, manufacturing, logistics, customer services, receiving payment and so on (Donovan, 2001). Hence, supply chain consists of a group of different companies working together to produce finished goods sold to customers out of raw materials. Company strikes to gain competitive advantages through improving their supply chainRead MoreThe Effect of Supply Chains Management Process Essay1582 Words   |  7 Pages Supply chains management (SCM) is one of popular concept in business administration both in practical areas and academic discipline. Supply chains management can be seen as a response to the changing of global market conditions. Level of uncertainty in almost every aspect of our life from political to economy, from natural disaster to advance technology has lead massive changes in global and local market. SCM then is one of the concepts used by both scholar and company to overcome the challengeRead MoreDarden Case Solution610 Words   |  3 PagesProductions Operations October 23rd 2013 Darden Restaurant Case #2 Competitive advantage is gained by being the lowest cost competitor or by differentiating. However within supply chains a competitive advantage is gained by reducing costs and increasing responsiveness. Darden utilizes four different supply chains, in turn, reducing costs and increasing responsiveness to customers needs. Darden has a â€Å"smallware† distributor direct from their headquarters to ensure the highest quality is shippedRead MoreSupply Chain Management1259 Words   |  5 PagesIntroduction Supply chain management is a valuable practice whose purpose is to offer businesses a competitive advantage in the market place. According to Jacoby, D. (2010), some companies like Walmart and Dell have applied this system to gain a competitive advantage in the market while others have failed to apply it owing to its complexity. Companies require adequate and accurate information about all the players in the chain management in order for them to meet their consumers, demands whileRead MoreSupply Chain Management Essay528 Words   |  3 PagesSupply chain holds a special place in B2B e-business. With the growth of internet and businesses operating electronically, the product life cycle has reduced to a large extent. 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Operations Management Organization Designing and Manufacturing

Question: Describe about the Operations Management for Organization Designing and Manufacturing. Answer: Operations Management Operations management is the area of management concerned with the business practices for designing and controlling the production systems (Stevenson 2012). According to the case study, Hawkesbury Cabinets Pty Ltd is an organization designing and manufacturing custom-built kitchen cabinetry founded in Sydney in the year 2008. Fund and Mei, the founders of the company are responsible for operations and financial management respectively. There is a single manufacturing facility in Mulgrave for customized and standard kitchen cabinets. The company had a contract that would require manufacturing standard kitchen cabinets in small batches. It has been observed that the sales of custom kitchens have been strong, but the profit margin is not rising. The aim of this essay is to assess the current production systems and processes followed by Hawkesbury Cabinets. Further, the problem is defined with the effects of new builders kitchen line on the operations of the organization. Lastly, the ess ay determines the effect of operations on the financial structure. According to Pralong et al. (2014), factory layout plays a critical role in the operations and production systems. It helps in making the production system smooth and efficient. An appropriate factory layout minimizes the manufacturing cost. According to the case study, Hawkesbury has a single manufacturing facility in Mulgrave for customized and standard kitchen cabinets. The equipments and machinery to manufacture cabinets serve general purpose and produce high-quality. This helps the operations in providing flexibility and manufacturing the custom designed cabinets. Since its formation in 2008, the factory layout has several equipments grouped together. The factory layout is designed in such a manner that keeps assemblies strategically. The saws and cutting tables are arranged together. However, other equipments such as routers and shapers are assembled at another work area. The machines used less frequently such as lathes are kept at a distance from the work area. Therefore, it i s observed that the materials are handled efficiently in the factory thereby saving cost and time. The area and space available for use are efficiently utilized. It is analyzed that the organization is reputed for its timely deliveries for which the factory layout can be given credit (Accorsi, Manzini and Maranesi 2014). The activities such as furnishing and painting are performed in an environmentally controlled area towards the rear of the facility. Therefore, it is interpreted that the production area is sustainable and it is designed in a manner that causes minimal harm to the environment and employees (Despeisse, Oates and Ball 2013). However, as the machinery and equipment for both the standard and custom kitchen has same space, machinery and equipment, it is observed that the craftspeople had to compete for the processing time on the same equipment. It is inferred that such practice leads to bottlenecks and processing time is delayed. Bottlenecks were created as stocks or mat erials were piling up and were produces at a less speed due to inadequate machine capacity. It is argued that there is a requirement for good production control system for smooth operations (Stevenson 2012). Operational failures in the manufacturing facilities can cause minor to major consequences. It is argued that due to competitive pressures, the organizations tend to push their manufacturing capacity for generating higher revenue and profitability (Nslund and Hulthen 2012). According to the case study, the standardised kitchens generate 40% of the factory volume and 25% revenue. However, the remaining volume and revenue was generated from the custom kitchens. Therefore, the founders of the company found it beneficial to focus on the custom cabinets as they generated the remaining 60% of factory volume and 75% revenue. With the improving reputation and increasing sales, various low volume contracts were signed by the company. This involved supplying to the small spec builders with standardized kitchen cabinets. The contracts involved manufacturing limited range of kitchen cabinets ranging from a single to five kitchen specifications. Additionally, the client builders laid more stringe nt regulations on the delivery time. They were also price-sensitive than the customized kitchen cabinet buyers. There has been a rapid increase in the sale of builders line of kitchens. There has been a greater scheduling of such work and it is given priority because of higher sales and profit margins. However, the company accountant argued that the operations are not profitable in the manner it should be. It was because of the rising cost of standard builders. The lead times for both custom and standard cabinet orders was increasing. As the machinery, equipment and craftspeople were same for both standard and custom orders, there was greater processing time. There was pile ups affecting the overall delivery times (Chiadamrong and Canova 2013). The existing manufacturing capacity was pushed to the limit and there was no further space for expansion. Evidently, the existing manufacturing location is not sufficient to fulfil the demands of buyers. It is argued that to maintain reputati on in the market, there is a need for the organization to address the bottlenecks in the factory operation systems and processes (Durowoju, Kai Chan and Wang 2012). A financial structure of an organization refers to the long-term debt and equity used by a company for financing the operations. The role of a financial manager is to decide the amount of money to be borrowed and the best ways to manage capital structure. It is argued that financial structure planning is important in the business survival and every component needs to be managed effectively (Robb and Robinson 2012). In the given case scenario, the move to producing builders kitchen is affecting the operations. Consequently, the financial structure of the company shall also be affected. With the rising cost of standard builders, there was also a rise in capital investment for raw materials inventory, work in progress and finished goods. The increasing labour cost shall be added as an operating expense affecting the gross profit negatively (ztekin 2015). As the demand for standard kitchen cabinets were increasing, there is a greater requirement for inventory. As the stock needs to be in creased, the gross profit rate shall decline. With the increasing inventory, there is a need for rented warehouse space. The rent of a warehouse is usually charged monthly, that adds up to the administrative cost thereby affecting the net profit negatively (Degryse, Goeij and Kappert 2012). With the declining gross profit and net profit, the overall profit for the organization tends to decline. The net profit figure is added to the capital figure in the balance sheet. The financial position of the company is indicated using the Profit and Loss Statement and the Balance Sheet. It is argued that as the profit will be low, the balance sheet statement shall present low figures that may affect investors of the business. It may also affect the creditors such as banks to make loan to the company (Jeveer 2012). Conclusively, Hawkesbury Cabinets Pty Ltd needs to pay attention to the operational deficiencies as it is not only affecting the day-to-day implications, but also the long-term profitability and operations of the organization. It has been observed that the sales of custom kitchens have been strong, but the profit margin is not rising. The existing production facilities of the organization suit the demand structure. However, the existing manufacturing capacity was pushed to the limit and there was no further space for expansion. The company is making late deliveries to the buyers as there has been an increase in lead times. Not only the operations, but the business is not as profitable as it must be due to the rising costs for production. References Accorsi, R., Manzini, R. and Maranesi, F., 2014. A decision-support system for the design and management of warehousing systems.Computers in Industry, 65(1), pp.175-186. Amoo Durowoju, O., Kai Chan, H. and Wang, X., 2012. Entropy assessment of supply chain disruption.Journal of Manufacturing Technology Management, 23(8), pp.998-1014. Chiadamrong, N. and Canova, T., 2013. Assessing logistics factors on the business success of the electrical and electronics industry in Thailand.EJIE, 7(4), p.393. Degryse, H., de Goeij, P. and Kappert, P., 2012. The impact of firm and industry characteristics on small firms capital structure.Small Bus Econ, 38(4), pp.431-447. Despeisse, M., Oates, M. and Ball, P., 2013. Sustainable manufacturing tactics and cross-functional factory modelling.Journal of Cleaner Production, 42, pp.31-41. Jeveer, K., 2012. What do we know about the capital structure of small firms?.Small Bus Econ, 41(2), pp.479-501. Nslund, D. and Hulthen, H., 2012. Supply chain management integration: a critical analysis.Benchmarking: An International Journal, 19(4/5), pp.481-501. ztekin, ., 2015. Capital Structure Decisions around the World: Which Factors Are Reliably Important?.Journal of Financial and Quantitative Analysis, 50(03), pp.301-323. Pralong, A., Levine, H., Lilja, J., Gaasvik, . and Hummel, H., 2014. Paradigm shift for vaccine manufacturing facilities: The next generation of flexible, modular facilities.Eng. Life Sci., 14(3), pp.244-253. Robb, A. and Robinson, D., 2012. The Capital Structure Decisions of New Firms.Rev. Financ. Stud., 27(1), pp.153-179. Stevenson, W., 2012.Operations management. Boston: McMcGraw-Hill Irwin.

Environmental Supplier Selection Process †Myassignmenthelp.Com

Question: Discuss About The Environmental Supplier Selection Process? Answer: Introduction Organizations comprise of different departments and purchasing department is accountable for all the activities of purchasing. Purchasing department is one of the important departments in all the businesses because it affects the product cost that might reflects companies profit positively (Moser, 2007). This report explains different aspects of purchasing management of Prime supermarket, which is situated in Singapore. This report will emphasize on supplier selection criteria, cost of purchasing and use of information and communication technology, for purchasing operations and its management. Prime supermarket is among the first to launch the chain of local supermarket (Prime supermarket, 2017). In earlier years, prime supermarket used to have 5 mini complex outlets. In 1991, Prime supermarket occupied more than 10,000 sq. ft. area. It is the largest chain of supermarket in Singapore with 20 outlets expanded in all its island states (Prime supermarket, 2017). Prime supermarket compr ises of two trading areas, one focuses on import and provides seafood, meats and vegetables and another trading area focuses on acquiring stock according to the lifestyle of international consumer. Prime supermarket provides 24 hour services to their customers and also focuses on improving customer services. Presently, they are working on renovations of their stores. Mission of prime supermarket is to provide good services to their customers with good quality of product at affordable price (Prime supermarket, 2017). Supplier Selection and issues Purchasing is one of the important element in supermarket business. Purchasing officer is responsible as well as accountable for setting goals and taking related decisions, which helps in improving cost of the company (Weele, 2009). It is a difficult task for purchasing officer of prime supermarket to decide the value of their products, as they want to provide product at lower price by reducing the cost of supplies but they should not keep their prices very low as it will be considered as poor quality goods (Ouelch, Bonventre, 2017). Cost of the product also increases due to fixed assets. For Example machinery which requires a regular repair, leads to an increase in the cost of the product and it affects the revenue of the business (Ouelch, Bonventre, 2017). Prime supermarket should consider all these points and after that they should decide the value of their product. Prime supermarket should provide good quality products as poor quality goods increases wastage that results in inc reasing purchasing cost. Suppliers of prime supermarket should deliver products on time, so that efficiency of the business can be maintained. For this purchasing officer of supermarket should maintain proper communication with their suppliers. Purchasing officer should identify their long term suppliers and should maintain a strong relationship with them which helps in cost reduction (Weele, 2009). Purchasing officer should identify some internal goals to maintain cost of the company, for this different policies are implemented into the company that product can only be purchased by approved suppliers (Ouelch, Bonventre, 2017). Prime supermarket should select their suppliers properly, which can help them in reducing purchasing cost. Supplier selection criteria involve different stages listed as follows:- Identification of possible suppliers- For sustaining in todays competitive environment, business has to make changes and should do innovations (WONG, 2017). Business should identify new suppliers with maintaining existing suppliers. This stage focuses on searching different suppliers for the business. Prime supermarket should identify those suppliers who can bring better results as compared to existing one (WONG, 2017). Asking for suppliers information- After recognizing possible suppliers, another stage is of asking information related to suppliers goods or services and their qualities which make them different from other suppliers. Performance proposal is also issued to show whether the supplier will be able to fulfil the requirements of the business. Quote request is issued to know the specification of product (Kleemann, 2012). Terms of contract- This stage explains about the contract between buyer and its suppliers as the information which was asked from supplier that gets converted into the form of contract. This contract comprises with all the details, responsibilities and duties of supplier. Process of negotiation- As we discussed above about the terms of contract that includes duties, responsibilities and payment details, these terms are negotiable. Supplier and buyer both do negotiating in favor of their terms (Altin, 2010). Evaluation of supplier and award of contract- In this stage buyer checks earlier performance of the supplier to evaluate whether the supplier will be able to perform properly or not (Kleemann, 2012). Suppliers are ranked according to their performance and according to that they get the contract. Research on supplier selection- This stage focuses on two points, one point is to find out the right criteria and method to evaluate supplier. Second point focuses on negotiation with the supplier, terms of contract and bringing out information that supplier do not want to reveal (Altin, 2010). ICT for purchasing operation Information and communication technology tools are very useful for all the organizations in terms of providing important information quickly that makes work easy and help in sustaining into the competitive environment (Nwokeafor, 2015). ICT enabled communication between different departments of company that made information sharing fast and fulfilled demands of customers on time (Nwokeafor, 2015). Company should install ICT tools, this will provide benefits to them as it results in saving cost, reducing wastage and ultimately business will make high profits (Cline, 2014). Importance of electronic business is increasing day by day, scattering of internet that increases the awareness of information technologies. For achieving organizational goals ICT tools are providing great support to human activities. Hence, process of decision making and transferring of data is faster (Cline, 2014). Tools of information and communication technology are Barcoding, Radio frequency identification, Ent erprise resource planning, Material resource planning, etc. Some of them are explained below. Bar coding- Barcodes are clear demonstration of material through computer. Initially, data stored in barcodes used to be in widths and equivalent lines with spacing, at present barcodes arises in different shapes and designs (Craig, 2008). Different scanners are available for reading barcodes they are known as barcode reader. Flow of products and information of business is faster through barcodes. Barcoding is used to keep all the information of the stock (Craig, 2008). Radio frequency identification- It comprises with a silicon chip that holds an identification number and an antenna that transfer the number into evaluating device. RFI helps in managing inventory and information of bulk stock can be identified in short period of time (Craig, 2008). Enterprise resource planning- ERP is a very useful device for every business as it maintain all the information of different departments. It helps manager to known about the problems and points which are lacking in the functioning of different departments (Lawrence, 2012). ERP involves different modules such as marketing, finance, human resource, manufacturing, etc. Material resource planning- MRP helps in production planning as it arrange all the operations sequence wise. MRP focuses on providing all the information and sequence of production before it is required. Proper track of orders are maintained by MRP at the time of manufacturing (Lawrence, 2012). Recommendation ICT tools help in improving the performance of supply chain that is considered to be an important element in all the organizations which deal in the manufacturing and logistics of the products. Business has to understand the importance of installing ERP into its processes as it is very beneficial. Tools of Information and communication technology should be installed into the purchasing department of Prime supermarket to increase the speed of data sharing and there will be reduction in the time taken to deliver the productivity. Innovative and sound models should be developed by the researcher in coming future. Purchasing cost analysis Purchasing of goods and services involve some cost, that need to be analyzed regularly. Different tools are available for analysis of purchasing cost they are- Cost analysis- While purchasing goods its actual cost is considered that include delivery cost, packing cost and maintenance cost (Blischke, 1993). Business appoint some of the suppliers who demand advanced payments. If supermarket is ordering goods which involve movement of more than one people then they have to make the payment in advance that increases the actual cost which is more than the cost of product (Blischke, 1993). Proper analysis should be done by prime supermarket to know the total purchasing cost. Inventory analysis- Cost of the product includes different charges like storing cost, maintenance cost as well as cost of unavailability of goods for sale. Inventory analysis is important to know detail about the stock that is available. It can help in forecasting about future stock to be ordered (Sherbrooke, 2006). Suppliers analysis- Prime supermarket has a number of suppliers, this shows that they should not get depend on one supplier as it can be harmful for the business. Purchasing officer of prime supermarket should maintain good relations with their suppliers as they can provide stock at discounted price. Besides this officer should regularly check the stock supplied by different suppliers. Maverick spending- Price of goods may vary from supplier to supplier, for this prime super market should analyze price properly before placing the order as small amount also matters a lot for the business. Delivery time analysis- Supplier should provide stock in time as it affects the image of business. Perishable goods should be handled properly as they get spoiled easily. Prime supermarket is one of the leading supermarket chain in Singapore. Supermarket is using multiple sourcing of supply as it provides different categories of goods that need different suppliers for the business. Prime supermarket provide good quality of products at reasonable price because their main focus is to deliver good services to their customers. Prime supermarket regularly analyze their suppliers that helps in reduction in the cost of purchase. Cost ratio is a method used in retail for valuation of inventory at the end of particular time period. It is calculated by dividing available goods cost with available goods retail value (Robinson, et al 2015). Linear averaging method include linearly weighted moving average that allocate a higher weighted to current value. It can be calculated by multiplying closing prices with its definite place in the data series (Burd, 2007). Activity based costing is a method that allocates indirect cost to products by recognizing all the activities that takes place in the business (Goektuerk, 2007). Connection among the products, costs and activities is reflected through this method. Sometimes it is difficult to assign indirect cost through this method (Goektuerk, 2007). Conclusion Report is explaining purchasing management of Prime supermarket that is one of the leading supermarket chain in Singapore. According to the above discussion it can be concluded that purchasing management is very important for Prime supermarket. Purchasing manager is the one who handles all the activities of purchasing department. They should identify elements that are disturbing the cost of products and should take corrective actions to eliminate them. Suppliers of prime supermarket should provide good quality of products in time. Criteria that should be considered for suppliers selection are Identification of possible suppliers, asking for suppliers information, Terms of contract, Process of negotiation, Evaluation of supplier and award of contract and Research on supplier selection. Prime supermarket use multiple sources of purchasing for that they have to appoint different suppliers. For this they should identify suppliers who will provide them good quality of product on time and should reveal past performance of their business. Information and communication technology is also discussed in above report. ICT is important for business for keeping records of available stock that helps in forecasting about the future stock to be ordered. Tools available for Information and communication technology are Barcoding, Radio frequency identification, Enterprise resource planning and Material resource planning. ICT tools are considered to be important for business as it helps in improving performance of supply chain. Prime supermarket should adopt information and communication tools in their business that can make work faster and products can be delivered on time. It will also help in saving the cost of the product. Tools for analyzing purchasing cost are Cost analysis, Inventory analysis, Suppliers analysis, maverick spending, Delivery time analysis. Prime supermarket should consider all the purchasing cost analysis tools as it will lead to increase in the profits of the business. Report also explains cost ratio and activity based costing that is important for business. References Altin, G. (2010). Global Purchasing and Supply: Case Study in Purchasing. GRIN Verlag. Blischke, W. (1993). Warranty Cost Analysis. CRC Press. Burd, V. (2007). Method of Averaging for Differential Equations on an Infinite Interval: Theory and Applications. CRC Press. Cline, H. F. (2014). Information Communication Technology and Social Transformation: A Social and Historical Perspective. Routledge. Craig, V. S. (2008). Information Communication Technologies: Concepts, Methodologies, Tools, and Applications: Concepts, Methodologies, Tools, and Applications. IGI Global. Goektuerk, H. (2007). Activity-Based Costing (ABC) - Advantages and Disadvantages. GRIN Verlag. Kleemann, F. C. (2012). An Evaluation of Supplier Selection Methods in Strategic Procurement. GRIN Verlag. Lawrence, T. A. (2012). Learning Tools and Teaching Approaches through ICT Advancements. IGI Global. Moser, R. (2007). Strategic Purchasing and Supply Management: A Strategy-Based Selection of Suppliers. Springer Science Business Media. Nwokeafor, C. U. (2015). Information Communication Technology (ICT) Integration to Educational Curricula: A New Direction for Africa. University Press of America. Ouelch, J Bonventre, K. C. (2017). Better marketing at the point of purchase. Retrieved from https://hbr.org/1983/11/better-marketing-at-the-point-of-purchase Prime supermarket, (2017). About us. Retrieved from https://www.primesupermarket.com/about-us/ Robinson, T. R., Henry, E., Pirie, W. L. P., Broihahn, M. A. (2015). International Financial Statement Analysis Workbook. John Wiley Sons. Sherbrooke, C. C. (2006). Optimal Inventory Modeling of Systems: Multi-Echelon Techniques. Springer Science Business Media. Weele, A. J. V. (2009). Purchasing and Supply Chain Management: Analysis, Strategy, Planning and Practice. Cengage Learning EMEA. WONG, Y. K. (2017). Integrating Environmental Criteria into the Supplier Selection Process. Open Dissertation Pres