Establishing a procurement strategy Essay

Q1: What are "make-to-order" (MTO) and "make-to-stock" (MTS)? Why did EA cakes want MTS over MTO? Do you agree with such a decision? Why or why not?

In the economy today every business has a need for a strategic plan. Strategic plans are most vital for small businesses to have a strategic plan because they comprise the majority of local businesses and are more likely not to survive. No matter if the business is small or large it is important to keep this plan updated and evaluated to the businesses current standings. Typically a plan should focus on the following two to three years when it is being created.

We celebrate the special way we treat and relate to our customers. We think retailing is all about customer experience, and that is what really differentiates us.

Dissimilar sources plan altered steps involved in the planning process, but in this case I will discuss on seven steps that are involved in the entire process. The first step is goal setting. This basically involves coming up with the main objectives and goals that the company wishes to establish within a particular period of time. It is a very important section because the company will operate with a view of the goal in mind, if it is not clearly established, and then the business could lose direction along the way. After goal setting, we have development of the planning premises, where the plans are prepared and any underlying conditions defined. This is where there is an assessment of the environment and any constraints or

The retail industry is an extremely competitive environment that poses many challenges for Costco Wholesale Corporation and its competitors. Since many of the stores offer the same products, it may sometimes be very hard for customers to differentiate between retail stores. Even though the economy is recovering from a recession, the retail business is still a mature industry and is improving very steadily.

IBM Daksh India is one of the most important business process outsourcing companies in India. It has been playing a significant role in the process transformation and management sections of one of the leading IT firms of the world, IBM since 2004.

II) The delivery method in the contract is not specific and may cause confusion. To improve this contract, it needs to include detailed method of delivery.

The   course   packet   and   the   textbook   Operations   Strategy:   Principles   and   Practice   by   J.   A.  Van  Mieghem.     Other  textbooks  that  can  give  complementary  viewpoints  on  operations  strategy:     1. Operations  Strategy:  Competing  in  the  21st  Century.    S.  L.  Beckman  and  D.  B.   Rosenfield.  McGraw-­‐‑Hill,  2007.   2. Operations,  Strategy,  and  Technology:  Pursuing  the  competitive  edge.  R.  Hayes,   G.  Pisano,  D.  Upton  and  S.  Wheelwright.  Wiley,  2005.   3. Operations  Strategy  by  Slack  and  Lewis.    Prentice  Hall,  2003.   4. Manufacturing  Strategy  by  Hill.    Irwin  McGraw-­‐‑Hill,  2000.     Other  business  books  that  may  be  of  interest  to  students  taking  this  course:     1. Supply  Chain  Management:  Strategy,  Planning  and  Operations  by  Chopra  and   Meindl.    Prentice  Hall.   2. Clock  Speed  by  Charles  H.  Fine   3. Mass  Customization

2. Develops solutions based on a deep understanding of the supplier’s economics and business dynamics

The Department of Juvenile Justice (DJJ) has to ensure that the following essential areas of its operations perform as expected for the agency to carry out its mission. These key success factors represent a simple concept which helps focus attention on major concerns within DJJ. The following success factors are an integral part of DJJ’s strategic plan:

Oil companies were the worst performing brands in the world market. There was no brand in the oil industry that had created positive perception in the public. During the late 1990’s BP has decided to change this perception for their brand. The main idea was to create a symbolic capital for BP. The definition of symbolic capital is given by (Bourdieu, 1974/1977 sited in Holt & McNulty,2008,p.76) as “ the resources by which authority and credibility are established amongst employees, peers, customers, regulators and other organizational constituents through the capability to articulate legitimate judgments and actions from a specific institutional position”. This could be a powerful tool in certain conditions. The

The report will begin by critically evaluating the different types of procurement method and routes available to the client, examining the key terms of contracts and concluding with the with the best option for the client going forward. The first section of the report will identify and explain the complexities of construction contacts, procurement routes and negotiation; and will show that by understanding why problems emerge they may be prevented and resolved.

In considering which contracting method to use the employer will need to assess his own particular institutional and technical strengths and weaknesses (including access to financing). Each method of contracting affects in its own way the allocation of responsibility and the demands on the employer for co-ordination of the project. Through the proper allocation of responsibility for the project to reflect these strengths and weaknesses, the employer can rationalise the price of the contract against his exposure to project risks. The employer's first consideration will be to identify the design source, i.e. the person who will develop the employer's requirements for the project into a practicable design. This design

Procurement activities and choices constantly evolve as the needs to ensure construction project successful is eminent. According to JCT (2011), procurement refers to a generic term that embraces all relevant activities undertaken by a client to implement a construction or refurbishment project. It is important that the basic principles such as selection process, the relationship between the client and contractors, responsibilities and management are always there. As a private developer in Chelmsford wanting to pursue in making sure a successful completion of building a new food store with 37 residential units with flexible floor space and associated car parking facility, it is important that the contract placed ensures it covers every aspect of necessity for the successful project completion.

The Betapharm sourcing team needs to make an urgent decision whether products that are as diverse as raw materials (Malic Acid) and hotel contracts can be electronically sourced by using their already acquired ePass sourcing system. The aim is to find ways to better control costs and to remain competitive.