Answer to Question #182861 in Management for Shaun

Question

The purchasing and supply function is imperative to the success of a business. These two functions, if managed effectively, can lead to various advantages for a firm, giving the firm a competitive advantage. 

 Briefly discuss any five reasons for the increasing importance of the purchasing and supply function in relations to Toyota South Africa.  

Answer 1

Helps Toyota South Africa company to reduce costs.

It also aids the company in maintaining the quality of their vehicles.

Besides, it assists the company to manage the levels of any potential or existing risk.

It also helps the company to invent new types of product regarding motor vehicle industry. Further, it helps the company to research for new suppliers in the market.