Essay about Procurement at Betapharm Corp. (a)

Sourcing – this involves investigating and qualifying potential suppliers and evaluating the qualifying suppliers’ bid.

Our positions require us to gather documents and data from suppliers to set them up as approved vendors for clients. The process requires vendor vetting and

From the case study, the processes above are identified as those that led the group to coming up a final decision on the most appropriate supplier to provide the software to the organization. The key guiding factors in selection of the final provider was based on three key factors. These are: ability to speed time to market, ability to reduce costs, and ability to improve product quality.

On reflection of this decision it is now clear to me that more time should have been spent researching product availability and assessing alternative suppliers and their capacity to support such a project. In future to ensure all alternatives have been thoroughly investigated more time should be assigned for the planning stage where all possible alternatives could be identified; following this, the procedure Janis and Mann (1977) define as vigilant analysis could be used to ensure a thorough consideration of each alternative is achieved. This procedure uses a balance sheet approach to ensure a systematic evaluation of each alternative is being achieved with alternatives ranked from most desirable to least desirable.

“The performance of hotels in each country therefore affects the revenues and costs of other hotels within the network”

Because of rising international competition, slower growth rates, decreased population growth, and oversupplied and mature markets, it is hard for hospitality firms to increase their market share (Tepeci, 1999). A recent example of a take-over in this sector is Bizztravel. In their own words: it could no longer compete with other tour operators. It is easy for today’s consumers to switch among different firms (Liu, 2007).

There are capacity balancing problems. The way that you carried your supplier manufacturer relation previously gets disturbed and therefore working with the same supplier under the same environment gets a little difficult.

This study aims to provide the reader with an analysis of the Intercontinental Hotel Group (IHG) global operations. In order to do so the author will firstly provide industry analysis of the hotel industry. The industry analysis will include, the identification of, key dynamics of the industry, the major players , the drivers of change in the industry, the direction the industry is moving in along with identifying what is required in industry to gain competitive advantage. The author will then proceed to discuss the chosen organisation, that Intercontinental hotels group. The author will provide Company Analysis of the business which will consist of a discussion on the Business Model ,the Revenue Model ,the USP, the company’s position in the industry and the future strategy of the company. The author will conclude with a discussion and draw recommendations from findings

PSEG defines its value chain by carefully choosing diverse suppliers that support the company’s mission to provide safe, sustainable and environmentally sound products to its customers. To define, shape, and help to ensure that the entire value chain supports PSEG’s overarching strategic plan, PSEG employs a strict and rigorous application and vetting process for all of its suppliers. Suppliers must meet the initial thresholds of being: Capable, Compatible, Competitive and Committed. Each supplier in the chain must show some degree of success in business, suppliers must also be compatible with PSEG’s culture , and are able to compete with others in the industry based on costs, and are fully commitment to supporting PSEG’s mission to

Additional companies are managing spend categories that now cover the global economy. Procurement experts are hence taxed with having to cope with many spends projects within regions where reliable supplier choices are restricted. This can make problems logistically and needs the procurement personnel to be better skilled plus suppler.

The purpose of this proposal is to improve or change the vendor selection process to purchase of goods and services from Third Party Company for production of company products. In the company, the vendor selection process is managed by a project manager with the help of purchasing department. This includes the following process:

According to Intercontinental Hotel Group Website (2009), “the global hotel market has an estimated room capacity of 18 million rooms.” On this global hotel market, brand hotel has 45% of the total market. Indeed, the six major international hotel groups are estimated to 41% of the branded rooms and 18% of the total market. Promotional strategies and plans are critical successful factors for International hotel groups in this market share.

Sourcing, procurement and logistics management. The recurring needs of business is fulfilled by Sourcing to make sure that there is sufficient access to resources necessary to run a business, which can either be goods, services or both by proper finding, evaluating and engaging. Procurement is obtaining or buying goods and services which includes preparation and processing of a demand till the end receipt and approval of payment. Logistic Management complies with process of planning, implementing and controlling the proficient, operative flow of goods, services and related information from point of origin to point of consumption for customer’s requirement. Logistic management includes elements of order processing, inventory, transportation, warehousing, channel partners, third party logistic providers.

Our industry, the Global Hotels and Resorts, experienced strong growth over the five years to 2015. Over the five-year period, both consumers and businesses became more confident about their finances and spent freely on luxuries, including travel. This culminated in a substantial increase in travel rates and hotel room and occupancy rates, two indicators of a hotel 's performance. Travel spending has also picked up quickly, especially in emerging economies where tourism is on the rise. Global tourist arrivals are expected to increase an annualized 4.8% over the five years to 2015 to reach 1.2 billion. As a result of these positive trends, industry revenue is expected to increase an annualized 4.6% over the five years to 2015

Nowadays centralization and integration are common for hotel industry all over the world. Almost all hotel chains regardless of ratings feel pressure of hard competition and try to find any ways to increase their potential.