Reflective Report for Purchasing and Supply -myassignmenthelp

Question: Discuss about theReflective Report for Purchasing and Supply. Answer: I gained my awareness towards the advantages and disadvantages regarding the outsourcing business function. I also learned that the outsourcing is a business procedure that includes product and services through venture contract with suppliers. Additionally, it is analysed that most of the organization has used outsource business to decline the labour and transportation cost (Arlbjrn, et al., 2014). I also learned that the business outsource can positively influence the performance of business as well as it also quit negative impact on the business in long-term. I gained my knowledge about project scope in depth. In additionally, it can be said that the business outsources can be effective to easily enhance the performance of an organization in long-run. The outsource business function can be advantageous for saving the cost of organization. Because, it enabled the organization to decline the labour cost as well as transportation cost of firm. It will support to enhance the efficiency of business by increasing the productivity of firm in an appropriate manner. At the same time, I also analysed that there are some significant factors that show the advantages of outsourcing business named available for 24 hours, outsourcing business process for increasing efficiency, and focus on the core business process. In oppose to this, it can be said that there are some factors that influence outsources business function named Involvement in the hidden cost and Loss of Managerial Control (Cavusgil, et al., 2014). Other factors are Pricing issues, Security risk related to exposure of sensitive data, and Political and cultural disadvantage. I gained my depth understanding about these factors that can negative impact on the firm. In additionally, I also understood that execution of innovation in the business function can be significant to obtain favourable outcome from the business in long-run. In addition to this, it can also be said that I also gained my knowledge regarding t he finance and accounting, human resource management, and legal procedure. In addition to this, it can also be said that the outsourced business function can enabled the organization to categorize the activity of an organization that will be supportive to complete the specified task in less time and cost (Dolgui, et al., 2013). I also learned that when an organization to make contract with third party then they relocating some power of management to the party. As a result, it can create the issue related to the management of power in the business function in the upcoming period. Moreover, the difference between political and cultural factors can create also the problem for an organization due to outsourcing the business function. Further, I also understood that in the current period an organization has suffered from the leakage of confidential data and in the outsourcing business function it can be a primary issue for an organization. Therefore, it can be said that such kinds of issues can resist the organization to invest in the outsourcing. In oppose to this, I also gained my knowledge regarding the research objectives that were important to perform the research activity in an appropriate manner. In addition to this, I also gained my knowledge about the particular reason of businesses outsource functions. I also increased my knowledge about the scope of the project. It can be analysed that most of the researcher has completed the researc her on the business outsource function but there is lack of advantages and disadvantages of the business outsource the function (Hsu, et al., 2013). So, I learned that the research topic was appropriate. I gained some sectors that are important in the outsourced business function such as human resource management, finance and accounting department, and legal procedure. I also learned about the development of hypothesis to accomplish the research issue in a systematic manner. I also gain my knowledge about the creation of research question that played an imperative role in the accomplishment of research issues. At the same time, it can also be said that the research design plays a crucial role in the collection of data appropriately. The research design supports to select the appropriate technique for solving the issues of research in a significant manner (Schniederjans, et al., 2015). I also learned about qualitative research a design that was appropriate for research. At the same t ime, I understood that the qualitative research design can support to develop the theoretical understanding about the research issue. At the same time, I also learned that a researcher can use this research design method in case the research is subjective in nature. I improved my understanding about some significant factors such as ethnographic studies, case studies, historical data collection, and grounded theory. Additionally, I understood that the research design can support to make an appropriate decision to solve the research issue. In addition to this, I gained my awareness about the research methodology that supports to provide the appropriate techniques to eliminate the research issues in an appropriate manner. I addition to this, it can also be said that understanding about the research approaches can be also beneficial in the research. I increased my consciousness about the inductive approach that is appropriate for this research. It can be evaluated that the inductive approach is supportive to collect the theoretical understanding of the research issue. The inductive approach also uses at the time of sub jective research (Willcocks, et al., 2013). I also gained my understanding about the reliability and validity of research approach due to obtaining the appropriate outcome in the specified time. I increased my knowledge about the sampling method and sample size that were required to accomplish the research task successfully. I also learned that the probability sampling method is supportive to effectively complete the research objectives. The probability sampling method provides the equal chance to the respondents for reacting in oppose to the questionnaire (Vetrkov, et al., 2013). I also improved my knowledge about the data collection method such as primary and secondary data collection method. In the primary data collection method, some significant sources are used like observation, interview, and content analysis. The primary data collection method helps to offer the fresh or new data to the researcher while the secondary data collection method offers information from the existing information (Sekaran, et al., 2016).There are some sources that were included in the secondary data collection methods such as a journal, company website, online and offline sources, books, academic journals, and magazine. At the same time, it can also be said that understanding about data collection methods can be supportive to improve my research skills in an appropriate manner (Smith, 2015). Along with this, I also learned about the variables that affect the research in long-term. I also gained my knowledge about the research limitation due to effectively perform the task of the research objectives in an appropriate manner. There are different kinds of factors that can negatively influence to accomplish research such as lack of time and cost, lack of resources, and lack of financial resources (Taylor, et al., 2015).In addition to this, it can be said that the knowledge of research limitation can also be supportive for conducting the research in future. Moreover, it can also be said that I also gained my knowledge about the time schedule in a systematic manner. References Arlbjrn, J. S., Mikkelsen, O. S. (2014). Backshoring manufacturing: Notes on an important but under-researched theme.Journal of Purchasing and Supply Management,20(1), 60-62. Cavusgil, S. T., Knight, G., Riesenberger, J. R., Rammal, H. G., Rose, E. L. (2014).International business. USA: Pearson Australia. Dolgui, A., Proth, J. M. (2013). Outsourcing: definitions and analysis.International Journal of Production Research,51(23-24), 6769-6777. Hsu, C. C., Liou, J. J., Chuang, Y. C. (2013). Integrating DANP and modified grey relation theory for the selection of an outsourcing provider.Expert Systems with Applications,40(6), 2297-2304. Schniederjans, M. J., Schniederjans, A. M., Schniederjans, D. G. (2015).Outsourcing and insourcing in an international context. UK: Routledge. Sekaran, U., Bougie, R. (2016).Research methods for business: A skill building approach. USA: John Wiley Sons. Smith, J. A. (Ed.). (2015).Qualitative psychology: A practical guide to research methods. USA: Sage. Taylor, S. J., Bogdan, R., DeVault, M. (2015).Introduction to qualitative research methods: A guidebook and resource. USA: John Wiley Sons. Vetrkov, M., Potkny, M., Hitka, M. (2013). Outsourcing of facility management.E+ M Ekonomie a Management, (1), 80. Willcocks, L., Cullen, S. (2013).Intelligent IT outsourcing. UK: Routledge.