explain the difference in purchasing, procurement and strategic sourcing with examples?
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Subject: Procurement & sourcing
Q): explain the difference in purchasing, procurement and strategic sourcing with examples?
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- Subject: Procurement & Sourcing Q): What is the method of procurement, where it will be applicable give examples?Subject: Procurement & sourcing Q): What is centralized and decentralized purchasing, explain each with organization examples?Subject: Procurement & sourcing Q): What are the process of procurement & where it will be applicable give examples?
- Subject: Procurement & sourcing Q): How procurement & sourcing planning done in K&Ns? Q): What is the strategic sourcing in K&Ns?Subject: Procurement & sourcing Q): What is the procurement cycle, how its work in any organization give example?Subject: Procurement & sourcing Q): Difference between verticle/ Functional and horizontal/ process organization?
- Subject: Procurement & sourcing Q): What are the difference between consumer & organizational buying?No 1: Iqra University plans to launch its new campus at Bahria Town Karachi. This campus will facilitate media science and business studies. For a complete setup, the procurement department will have to facilitate a number of purchases including equipment, lab facilities and general items. • Develop a procurement strategy for this new campus. You are required to prepare a matrix showing, the nature of purchases, types and requisitions required for the complete setup.Subject: Procurement & sourcing Q): What are the total expenses in purchasing materials of K&N's need 03 years comparision?
- 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.Activity 3: Marketing Mix Strategy Using the 4P's Model, develop a product or service and create a marketing mix strategy. 1. PRODUCT What is the product/service that you want to offer? What need is the product/service trying to address? 2. PRICE How much is your product/service? What type of pricing strategy will you use? 3. PLACE Where will you sell your products? Will you sell through retail stores? Will you use non-store retailing? why? 4. PROMOTION How will you increase awareness of your product? How will you promote your products?Q3- Suppose there is a company that does all the work manually and has a particular system in each department. After spending a period of time, they wanted to automate all the company's functions and operations, and they decided to apply the Enterprise Resource Planning (ERP) system to their organization. Why did they determine to use the Enterprise Resource Planning (ERP) system instead of manually working? Answer: Enterprise resource planning is a business suite that enables various organizations to manage the daily activities by integrating the finance, human resource, logistics, marketing, and operations functions as a single system. Enterprise resource planning systems allows various functions to communicate and exchange the information through compiling into a central database thus allowing all the employees a cross departmental visibility. The various advantages associated with the usage of ERP include, Generation of major time and financial savings through providing the…