Risk Management in ProcurementAssignment1. Identify critical components of the procurement cycle2. List ways in which each component could be corrupted3. Identify possible effects4. Identify all possible causes5. Assess the probability (a) of each corrupt practice occurring on a scale of 1 - 5 (1 = Low, 5 =High)6. Determine the severity of the impact (b) on a scale of 1 - 5 (1 = Low, 5 = High) Risk Assessment7. Identify the risk factor by multiplying a x b8. Prioritize the risks9. Identify corrective/preventive action to minimize the risk of corruption in the procurement cycle

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Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

ChapterC: Cases

Section: Chapter Questions

Problem 1.5A

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Avion, Inc. Susan Dey and Bill Mifflin, procurement managers at Avion, Inc., sat across from each other and reviewed a troubling performance report concerning a key supplier, Foster Technologies. The report detailed the deteriorating performance of Foster Technologies in the areas of material quality and on-time delivery. At this point, Kevin ODonnell, another procurement manager, entered the room. What parts of the supply chain are most closely involved with the situation in this case? What is the responsibility of each part in order to maintain a smooth flow of material?
Avion, Inc. Susan Dey and Bill Mifflin, procurement managers at Avion, Inc., sat across from each other and reviewed a troubling performance report concerning a key supplier, Foster Technologies. The report detailed the deteriorating performance of Foster Technologies in the areas of material quality and on-time delivery. At this point, Kevin ODonnell, another procurement manager, entered the room. Why can changes within a supply chain disrupt the normal flow of goods and services within a supply chain?
Avion, Inc. Susan Dey and Bill Mifflin, procurement managers at Avion, Inc., sat across from each other and reviewed a troubling performance report concerning a key supplier, Foster Technologies. The report detailed the deteriorating performance of Foster Technologies in the areas of material quality and on-time delivery. At this point, Kevin ODonnell, another procurement manager, entered the room. Explain the role of performance measurement in managing supply chain activities.
1.1 By making use of practical examples provide a comparison between a supply chain and a value chain. 1.2 Evaluate the purchasing process and discuss the role of e-procurement tools in the project supply chain process.
Broll is a world class manufacturer and supplier of steel, tube, pipes and associated value adding products and services. Broll has been experiencing problems with it's supplier who have been failing to meet the lead time as per the contract resulting to contractual disputes. Assume the role of the procurement executives, explain how the company can adopt the contingency plan as a way of mitigating or managing the risk they are experiencing
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How does a corruption scheme in procurement work? What are the goals of any procurement-related corruption strategy? What are the different strategies to prevent contact and procurement fraud by actively evaluating and estimating their risk exposure and their vulnerability to fraud?
What types of controls can be used as a result of e-procurement in the sourcing process? What do you think are the challenges associated with implementing e-procurement in this example?
Identify any two of the different procurement options currently found within your sector of operation in relation to new projects - this should include the identification of the design and construction phases and whether these are considered to be integrated or separated. •Discuss the impact of build-ability on the procurement options identified above. •Explain the contractual relationships between the client, design team and construction team for each procurement system and how this may or may not affect the cohesiveness of the collective project team effort.
Which aspects of IT security would you expect to be incorporating into an IT procurement plan? a. Penetration testing, System hardness, Physical access b. Authorisation, Authentication and Audit expectations c. Anti-virus, Access controls, Password expiry d. You wouldn't consider security in procurement because it is a different issue entirely
Procurement- Which of the following is not a risk of countertrade? A. Receiving product of greater quality than the specifications require B. Possibility of poor-quality goods and services C. Development of unprofitable deals D. Acceptance of goods and services that do not match marketing channels
How can software assist in procuring goods and services? What is e-procurement software? Do you see any ethical issues with e-procurement? For example, should stores be able to block people with smart phones from taking pictures of barcodes in their stores to do comparison shopping? include references

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