Improvement of information stream in a procurement system : Case: Monolit Ltd

Information flow is a crucial objective in the international procurement. Optimized information transfer between involved supply chain parties provides a strategic opportunity to improve the managerial actions, an accurate maintain of inventory reply to changes in demand and decrease on spending logistics costs. The purpose of the presented study was to deter-mine, examine and clarify the information stream in all stages during purchasing activity of Russian manufacturer Monolit Ltd. Since company changed their international procurement sphere the focus of the following bachelor thesis was narrowed to Chinese suppliers. The main reason why Monolit had demanded on this research was the continuous problems occur-ring in information flow part during purchasing activity. For the creating of theoretical context subjects as supply chain, international procurement, business logistics, information flow in purchasing and supplier selection were examined. The research information was collected by primary methods as participation, observation and in-depth interviewing as well as document reviewing. These methods provided the most information for empirical examination. As a result, information flow was examined and presented through stages of procurement cycle of case company. Occurred problems during purchasing activity were introduced. Ac-cording to the theoretical concepts and with the base on company’s needs development ideas how to diminish dilemmas in international cooperation were formulated and suggested