1. Describe the steps of the procurement process flow of any manufacturing or Retail company.
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- Below are the weaknesses/ disadvantages of Direct procurement. 1. Risk of stock-outs 2. Relatively high costs 3. Quality standards 4. Handling Relationships How do we overcome those weaknesses?How to Develop a procurement strategy, to prepare a matrix showing, the nature of purchases, types and requisitions required for any new setup?Critically expain how measurement of performance within the procurement and supply department an contribute to achievement of the following in an organization a) icreasing profit b) delivering a higher quality product and services
- V. What are the essential features and functionalities to consider when selecting an e-procurement solution for an organization?1. Explain the impact of e-commerce on purchasing department 2. . Critically discuss e-procurement and electronic data interchangea) Using relevant illustrations,distinguish between a supply schedule and suppl curves b) How relevant is the theory of supply to business firms today
- Which of the following is NOT done by the purchasing department: Select one: a. Taking care of the transportation of the goods from the suppliers b. Developing new sources of supply and improving existing ones c. Identifying materials for new prodcut development d. Providing professional training to employeesWhat is Long -Lead Procurement?2 ) While design for manufacturing often focuses on aspects of product fabrication, this type of analysis addresses many processes that can affect the supply chain. Explain how each of the factors of “Design for Manufacturing” can impact onthe supply chain process of Whirlpool Corporation. Note this is not an essay question.
- WHAT IS SAP PROCUREMENT? STATE THE USAGE OF SAP IN THE PROCUREMENT PROCESSES?Question `1 a) Examine the keys factors that are likely to influence the choice of a given procurement strategy (ies) adopted by any organization. b) Examine the rationale for the increased interest in strategic procurement across organizations and supply chains today.1. Supply Chain focuses only on the physical movement of material and supplies Select one: a. False b. True 2. One of the other departments or functions within an organisation is referred to as servitization. Which of the following statements describes servitization. Select one: a. A transformation process wherein production organisations embrace a service orientation and/or develop more and better services b. Selling the goods or services of the organisation c. Purchasing raw materials, machinery and equipment for the organisation d. Providing management with the relevant information that will enable it to manage effectively and efficiently 3. For each supply chain driver, managers must make tradeoffs between Select one: a. Efficiency and responsiveness b. Costs and benefits c. Time and responsiveness d. Cost and performance e. Value addition The Certainty in decision environment of strategic decisions alludes to: Select one: a. Costly…