Optimization of the procurement process for the bakery production company in RF

Abstract

The aim of the study is to determine the procurement challenges of the case company and to improve the efficiency of procurement activities on the basis of the proposed measures. The author of this research took into account the theoretical data on the international approaches to the procurement procedures management and conducted a review of existing trends of development implemented to the case company. As part of the research, the efficiency of a process-oriented approach to a procurement management was considered. The qualitative method of research was used to determine the main opportunities and threats of the company to provide recommendations for the procurement activities improvement. The quantitative method of research was used to analyze raw materials and suppliers’ matrixes with the purpose to provide optimization recommendations. The results of this research were the detailed analysis of the organization of the procurement management process in the studied enterprise and the proposal of a set of practical measures to improve the efficiency of procurement management.