Research On Centralized Procurement Management Of Foxconn

With the rapid development of economy and technology, an increasing number of companies focus on the optimal resource allocation and scale effects. To meet the demand above, centralized procurement mode is created at the right moment. As the development of the theory on procurement management, centralized procurement mode is used widely among the companies and its advantage is increasingly obvious. Centralized procurement is not only to regulate the purchase process, reduce the procurement cost and increase the transparency of procurement management, but also to integrate and coordinate the resource for the management and supervision.The article mainly expounds the centralized procurement management status and problems of Foxconn Technology Group from the aspects of organization structure, vendor management, and purchase process and procurement management system. Then it explores the problems can be improved and solved in the different ways, such as enhancing the function of procurement management, improving the vendor management, optimizing the purchase process and perfecting procurement management system. Finally, the implement of those improvements is base on positive enterprise culture, perfect procurement management system, proper professional train & performance assessment and integration & coordinate of procurement management systems.The improvements of centralize procurement management above can be employed to solve the problems in the centralized procurement department of Foxconn Technology Group, and also refer to other enterprises.