Final answer:
I recommend that Company X adopt a team-based organization structure to provide a more efficient and agile environment for their experienced purchasing team. This structure promotes collaboration, faster decision-making, and adaptability.
Step-by-step explanation:
Based on the information provided, I would recommend that Company X adopt a team-based organization structure to provide a more efficient and agile environment for their experienced purchasing team. In a team-based structure, teams are formed with diverse skills and expertise to accomplish specific tasks or goals. This structure promotes collaboration, faster decision-making, and adaptability, which are essential for an efficient and agile procurement function.
By implementing a team-based structure, Company X can leverage the expertise and experience of their purchasing team members, allowing them to work together closely and share their knowledge and best practices. This structure also allows for faster information flow, as team members can communicate and make decisions more efficiently, resulting in a quicker response to changes and market demands.
Furthermore, the team-based structure encourages innovation and creativity, as team members can collaborate and brainstorm ideas to improve procurement processes and find more efficient ways of working. This structure also promotes a sense of ownership and accountability among team members, leading to increased motivation and productivity.