Procurement

1. Why would demand forecasting make sense in a “make to stock” situation? It projects the standard components needed so that the product can be made after customer receiving a customer order.

When implementing project 1, you face technical and market risk. How would you assess the risks embedded in Project 1?

Smithfield produces a variety of products that all require specialized equipment. Since these outputs and operations are standardized, the specialized equipment is a huge fixed cost that is distributed over a large volume of outputs that result in a low per-unit cost. The continuous type of material handling requires conveyors and other standardized equipment where all the outputs follow the same path. This “standardization of treatment provides for a known, fixed throughput time, giving managers easier control of the system and more reliable delivery dates” (Meredith, p.52). The flow shop transformation system also allows for better control of routing and scheduling, and minimizes the amount of skilled labor required. This minimization gives

Over the years, it has been hard for people with an economic disadvantage to get a proper job, or to succeed in a way they are proud of. However now with the City of Toronto Social Procurement Program, people with economic disadvantages, discrimination and/or barriers have access to equal opportunities. With this program at full effect, citizens will be able to have more job opportunities, there will be less poverty, and smaller businesses will have a better change of competing. Therefore, the City of Toronto Social Procurement Program will have a positive impact to the city, in which will help the economy prosper.

PD2 is the primary software used by the Department of Defense (DoD) for the acquisition of all commodities, supplies, and services required to accomplish the mission worldwide. Therefore, the proper application of the information assurance (IA) principles is vital in order to create a secure environment. To accomplish the aforementioned goal, the research will provide a comprehensive IA plan that addresses the main issues related with the operations of PD2 in cyberspace. PD2 ultimate goal of PD2 is to provide business efficient procedures that can be replicated through the entire DoD. According to Willett (2008), secure operations in an IA setting can only be achieved with the proper assurance framework.

It should be noted in the first instance that shipping and freight is specialist in nature and it is best to entrust arrangements for long distance transport, shipping, airfreight, seaport, airport and international frontier formalities to a specialist organisation (Lock, 2007, p.348) in such circumstances if a relationship has been developed with a freight specialist there may be an argument not to go out to competitive tender in the first place and adopt a nominated supplier attitude. It is my opinion however that even though there may be limitation of choice of freight and shipping companies a recommendation should be given for at least three companies to be approached.

Kerzner (2009) defines procurement and contracting as the "process that involves two parties with different objectives who interact on a given market segment." (p. 840) As with every phase of project management, proper planning is key to the success of any project by ensuring the project gets the most out of any supplier relationships. This paper will define the project procurement planning process and how risk management affects that process.

c. Manufacturing Cycle Time: Measured from the Firm Planned Order until the final production is reported. Is usually takes into account the original planned production quantity versus the actual production quantity. (John Taras)

My major in the course is chain supply management. I plan to use the education gained in supply chain management to build my career in procurement to develop my skills and improve the procurement process. In my post bachelorette degree, I intend to take professional trainings in procurement, gain more experience and build more expertise in procurement. This is aimed at helping organizations simplify the procurement function and make it effective and efficient. This is because I understand that the supply chain management is one of the most centralized and pivotal process. Therefore, I plan to learn more about supply chain management, the building of procurement relationships with third parties, try to think about how to improve the procurement quality, and building competitive procurement processes.

The question was is procurement strategies minimize the costs of the company? Then Shezan procurement employees were 70 % agreed with that question. The 70 % of procurement of employees think that procurement can minimizes the extra costs of the company. 80 % employees of K & Ns agreed that procurement can reduce the costs. 60% employees of the Nirala Bakers are agreed that procurement can effect to minimize the costs. 90% of Mitchell’s company procurement employees agreed with that question. 60% pizza hut employees agreed that procurement helps company to reduce its costs. Total 72% employees from different companies agreed that procurement can minimize the extra costs of company with effective procurement strategies.

First of all, I expanded the shelf life level from 75% to 80% in terms of all retailers to keep the products in stock for the much longer period. Secondly, the order deadlines were depleted in order to facilitate that the employees in the finish goods warehouse can earn enough time to process in time. Thirdly, the trade units were changed as each retailer’s amount of order quantities is different. Lastly, I changed the shortage rule from proportional to “First come, First served" because I considered that it was more reasonable than the previous rule.

something especially by effort. In construction terms, procurement refers to the process of acquiring something. (Encarta Dictionary, 2009)

The architectural services on the procurement panel in the Brisbane region and pose the greatest competition being:

For many businesses, goods and services provided by suppliers or partners account for a significant portion of the cost and value of the final product. Suppliers include not only companies that provide materials and components, but also distributors, transportation companies, and information, healthcare, and education providers. Key suppliers might provide unique design, technology, integration, or marketing capabilities that are not available within the business, and therefore can be critical to achieving such strategic objectives as lower costs, faster time-to-market, and improved quality.

This essay attempts to investigate make-to-stock (MTS), make-to-order(MTO) and make-to-forecast(MTF) strategies used in production logistics and find out the ways in which they differ or are similar to push and pull strategies.