Purchasing and Supply Chain Management
Name : Rehen Padayachee Student No. : 71511547 Programme in Purchasing and Supply Management Module : PPSM015 – Semester 1
Assignment 01 The fundamental management tasks that I will look at is planning and organizing. Planning Planning is the fundamental element of management that predetermines what the business proposes to accomplish and how it intends realizing its goals. Planning involves those activities of management that determine the mission and goals of an organization, the ways in which these are to be attained and the utilization of the correct resources to realize them. Planning involves the following three dimensions : The determination dimension - Where a specific future date is determined by when an organization must achieve its goals. This must serve as a guideline for the business and its various departments. The decision making dimension - Here, management must determine what resources should be deployed in order to achieve the goals of the organization. A choice must be made between alternative ways of accomplishing the goals. The future dimension - A goal is something that an organization is yet to achieve. Planning establishes a connection between what has to be done now in order to achieve future goals. Planning is not just the starting point of the management process but also the point around which their activities revolve. It is clear that planning forms the basis of all the tasks of management as it gives the organization direction and determines the action of management. It is for the following reasons that planning is therefore crucial : Planning gives direction - On one hand it gives the organization direction in the form of goals and on the other, in the form of plans shows how these goals must be achieved. Planning promotes coordination between departments and people in the business - Once goals are determined and plans formulated, resources may be allocated so that everybody is contributing to the goal. This is necessary for the
Assignment 01 The fundamental management tasks that I will look at is planning and organizing. Planning Planning is the fundamental element of management that predetermines what the business proposes to accomplish and how it intends realizing its goals. Planning involves those activities of management that determine the mission and goals of an organization, the ways in which these are to be attained and the utilization of the correct resources to realize them. Planning involves the following three dimensions : The determination dimension - Where a specific future date is determined by when an organization must achieve its goals. This must serve as a guideline for the business and its various departments. The decision making dimension - Here, management must determine what resources should be deployed in order to achieve the goals of the organization. A choice must be made between alternative ways of accomplishing the goals. The future dimension - A goal is something that an organization is yet to achieve. Planning establishes a connection between what has to be done now in order to achieve future goals. Planning is not just the starting point of the management process but also the point around which their activities revolve. It is clear that planning forms the basis of all the tasks of management as it gives the organization direction and determines the action of management. It is for the following reasons that planning is therefore crucial : Planning gives direction - On one hand it gives the organization direction in the form of goals and on the other, in the form of plans shows how these goals must be achieved. Planning promotes coordination between departments and people in the business - Once goals are determined and plans formulated, resources may be allocated so that everybody is contributing to the goal. This is necessary for the