The word "right" form the procurement point of view within the supply chain is 1) Planning & determining the logistics cost to the business and across businesses 2) Optimizing organization the optimum cost for the needs 3) Reducing cost to the end user is the main objective 4) All of the above.
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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.Describe the supply chain for your university or college.Who are the suppliers, producers, and distributors in thissupply chain? Are there different supplier tiers? Howwould you evaluate this supply chain? Does inventory evenexist, and if it does, what form does it take?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?
- Procurement comprises of three main stages namely identification of need, supplier selection and acquisition. Consider a firm is supposed to buy two types of material A and B. Material A is the routine buying where material B is nominated as CAPEX oriented. •Identify the functional and innovative buying •Role of Earlier supplier and supply involvement in each case •For which case, the company can proceed with brand specific purchasing and why? •Evaluate the benefits of hybrid buying structure for each case covering the benefits of both centralized and decentralized buying •Establish which of the purchasing requires RFQ and RFP and why?3-The trade-off between transportation and inventory costs is significant when designing a supply chain network. Two fundamental supply chain decisions involving this trade-off are Choice of Transportation Mode and Inventory aggregation.Design a complete supply chain network for a FMCG company based in Pakistan. However, suppliers are both local and international but the distribution is confined in Pakistan only. This is a push-based industry and business model is horizontal. You are required to do the following activities and don’t write anything in detail. Required: Wherehouses at each stage, its type and strategies for warehouse locationPUBLIC & 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.
- List the disadvantages (min 5 points) of traditional procurement approach and see what are the methods or strategies to improve the system by having other forms of procurement systems. Explain the pros and cons of the selected tender method in a table form and how this method may be enhanced.In a multi-echelon supply chain, how can the Wilson approach be extended to optimize inventory levels at different stages of the supply chain? What challenges might arise in this context?Illustrate how the procurement processflow? Discuss the advantages and disadvantages on online retail?
- supply chain management Procurement comprises of three main stages namely identification of need, supplier selection and acquisition. Consider a firm is supposed to buy two types of material A and B. Material A is the routine buying where material B is nominated as CAPEX oriented. • Identify the functional and innovative buying• Role of Earlier supplier and supply involvement in each case• For which case, the company can proceed with brand specific purchasing and why?• Evaluate the benefits of hybrid buying structure for each case covering the benefits of both centralized and decentralized buying• Establish which of the purchasing requires RFQ and RFP and why?Can you help me? 1. List the disadvantages (min 5 points) of traditional procurement approach and see what are the methods/ strategies to improve the system by having other forms of procurement systems. 2. Explain the pros and cons of the selected tender method in a table form and how this method may be enhanced.Prepare an essay not exceeding two pages to explain to a top procurement and logistics manager the subject of insurance; What it is, how it can be used by his/her organization to improve its outcomes and the challenges faced in employing it for risk management.