| dc.description.abstract | This report elucidates in depth of the procurement in Pandamart, one of the biggest retail and service platforms in Bangladesh. It is a major player in the retail and food and beverage industries and known for the quality of its service and its innovation in business. This paper seeks to evaluate the procurement process in the organization, in light of the objectives, structure and strategies together with challenges which face the company in achieving its procurement and contributions towards possible improvements as well.
The report includes a description of the enterprise, including its background, mission and vision. Part of 7 Ventures, Foodpanda’s Pandamart arm has rapidly grown to become a credited name in the retail industry, having been launched in 2013. The platform focuses on providing premium products and services, quick and convenient procurement to improve its market reputation.
The firm’s purchasing activities also include sourcing identification, selection process, supplier relation management and execution of the order. The paper investigates the detail subtleties of these operations and long-term approaches to increase their efficiency and reliability.
This report also examines the main challenges suffered by this retail unit in the form of purchase process inefficiency, supply chain disruption, price volatility and the unreliability of suppliers. It suggests a number of strategic options such as the use of data analytics to improve forecasting, dynamic pricing tools and improved quality control measures.
In addition, the report highlights the company’s commitment to sustainability, including incorporating environmental and social factors into purchasing. Consistent with its corporate responsibility focus, the company has made a concerted effort to gain ground with the creation of sustainable supply chains – its way of reinforcing its commitment to do business ethically and responsibly. | en_US |
