The following is the second step in managing sourcing and procurement: A. Identify or evaluate type of purchase B. Evaluate user's requirements C. Identify or re-evaluate user's needs D. Identify or evaluate market needs
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- Hi there can you please assist me wi the following question below 1.1 There are three important bid committees that are necessary to ensuretransparency of the procurement process. In your own words, differentiatebetween the Bid Specification Committee and the Bid Adjudication Committee 1.2 Using the example of a catering company, i.e., making and selling food, explain thefirst three components of supply chain management in relation to the above example.You are required to:• Identify the first three components of supply chain management.• Explain each of the components.• Explain each component in relation to the example provided.In In practice, sourcing integrates the strategic and operative decision making levels and coordinates supply strategy, procurement and purchasing activities. Select one: a. False b. TrueBelow 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?
- MCQ 1-Evaluation of supplier performance in supply chain to determine whether or not to be a future supplier is known as _____a. Supply chain clarification. b. Supplier qualification c. Supply chain performance d. Supply chain quality performance. 2-International standards are used in supply chain to_____ a. Find new methods to develop products. b. Add new frame to the production process. c.Add luxury to the organisation look. d. Filter suppliers. 3-In organization, strategic options are developed based on_____a. Analysis of goals, mission and value of market. b. Analysis of vision, goals and suppliers. c. Analysis of vision, goals and mission.d. Analysis of mission, goals and products.PUBLIC & PRIVATE PROCUREMENT ASSIGNMENT Question a) Visit an organization of your choice (i.e. public/ private or both) and identify the various stakeholders and their roles in relation to the procurement function. b) Where appropriate, design an institutional procurement process framework.The following questions should be answered in the context of the company you selected in question 2, application and all examples given should relate to the company you have selected.Q.3.1 Step 3 of the strategic planning process is selecting a strategy. Discuss the competitive strategy adopted by the Imperial Logistics
- 1.Supply Chain coversMovement of GoodsMovement of ServicesMovement of Goods and Services2.Supply Chain is betweenCustomer to customerCustomer to SupplierSupplier to supplierSupplier to Customer3.Which one of the below is element of supply chainDistribution ManagementHuman Resorce ManagementFinance Mangement4.What is the goal of supply chainCreate Customer satisfactionCreate Supplier SatisfactionAll the aboveCreate profit5.What is inventoryIt is about stock and its valueIt is about selling of goodsIt is about movement of the goods6.Managing the activities involving the flow of supplies into and out of a company is known as what?Procurement and distributionSCMSupply chainOperations managemet7.Which of the following is involved with supply chain management?GoodsSurveys1MarketingOverhead8.Which of the following is NOT an element of supply chain management?InventoryLaborProductionDistribution and transportation9.Order processing includes the following business processes:picking, packaging,…For the Stock Management process, describe the IT software that might be used by the Procurement Department (Purchasing) in order to determine which goods and what quantity of them are required by the shop. Explain the Business process and how the selected software can support it. What would be the advantages/disadvantages?In In practice, sourcing integrates the strategic and operative decision making levels and coordinates supply strategy, procurement and purchasing activities. Select one: a. False b. True Datamax and Zebra are examples of : Select one: O a. Companies manfacturing computer database hardware O b. Companies manufacturing RFID tags O c. Software companies O d. Companies manufacturing barcode label printers
- What choice below differentiates Supply Chain Management (SCM) from Operations Management (OM). O a. OM has no production functions b. SCM has no procurement functions c. OM has no Quality Control functions d. SCM is for service companies only e. Planning beyond your customer's customer and your supplier's supplierCritically 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 servicesSLO-3.1 The major reason supply management can greatly improve a firm’s return on investment (ROI) is: A) the reduction of post ownership costsB) the reduction of downtime costsC) the reduction of quality costsD) the reduction of acquisition costE) every dollar saved in purchasing is = to a new dollar of profit NEWSLO-3.2 Which of the following is generally not true about supply management and the bottom line? A) Purchased items account for a large percentage of the cost of goods sold. Hence, a reduction in cost of purchased goods has a major impact on the bottom lineB) A Euro increase in sales is equivalent to a Euro decrease in materials cost in impacting the bottom lineC) Outsourcing allows firms to focus on their core competencies, which reduced potential for waste, which then can improve the bottom lineD) A dollar saved in materials cost is usually considered a dollar increase in profit, which directly translates into bottom line savingsE) Supply management can work…