Commodity Council, business and finance assignment help

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Business Finance

Description

students will create a cross-functional commodity council in the format of a PowerPoint presentation.

Required Elements of the Commodity Council:

  • Select a category of tangible goods that a large organization might purchase in quantity (For example, tires for the automotive industry).
  • Create a cross-functional commodity council for that category of goods.
  • As chairman:
    • Ø , assign members to specific roles;
    • Ø define ground rules for council activities;
    • Ø set up council’s communication process;
    • Ø and specify what kinds of results the council can provide to support effective purchasing.
    • Ø Be specific and use examples.

Required Formatting of the Commodity Council:

  • The PowerPoint presentation should consists of 12 slides
  • Use short bullet points on slides and talking points in the Notes area. (Use “Click Here to Add Notes” for talking points)

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Explanation & Answer

Attached.

Cross Functional Commodity
Council
A Cross Functional Commodity
Council for the Purchase of Bricks

Cross Functional Commodity Council
 The Cross Functional Commodity Council has
been set up to develop and implement an
enterprise-wide commodity procurement
strategy.
 The strategy will be implemented in the
purchase of bricks by the organization as well
as in all the other related processes.
 The Council is headed by the Chairman, who
heads all the procedures of the company.

The Cross Functional Commodity
Council
• The chairman has set up a council with
designated members who have specific roles
to play .
• The council is expected to find ways of
reducing the purchase cost of the bricks and
ensure that the purchased bricks are of the
best possible quality.
• It is also expected to demonstrate savings
through leveraged purchasing of the bricks

Duties of the Council
• The Council is expected to formulate a
centralized purchasing strategy and
establishing contacts for the purchase of
bricks by the company.
• It is expected to change the purchasing
process for bricks at enterprise level and
improve the responsiveness to the purchasing
processes by the company

Members of the Council
• Business Requirements Analyst- collects,
coordinates and analyzes the internal
commodity requirements
• Commodity Expert-provides technical
expertise and source knowledge for the
commodity group.
• Small Business Consultant-develops and
coordinates effective socioeconomic
programs.

Members of the Council
• Supply Chain Analyst-researches and analyzes the
industry that produces the commodity.
• Market Intelligence Analyst-Analyze risks and
opportunities in the industry concerning the
product.
• Procurement Analyst Manager-performs actions
related to setting up recommended strategies
regarding market suppliers.
• Functional Representatives-Assist in business
market analysis.

Other Stakeholders in the Council
The team also includes various stakeholders such as
the Functional Leadership Committee.
It also consists of a number of advisors such as :
• Industry Consultant
• Standards and Architecture Expert
• Po...


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