Procurement is just like plants and animals, it’s born, it grows, it matures and eventually dies’. Discuss the statement with valid examples
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- Prepare a short research paper explaining how to source computer chips which will be used in the manufacturing of the computers for your company who is planning to build them in China. Be sure to explain the entire sourcing and qualification process necessary in developing the entire Supply Chain. Explain the key factors involved and how they will impact your operations. Identify all companies you will be considering as vendors and explain why their selection. The paper should be double spaced in MLA format and contain at least 2 academic references not including textbook which can be used as well and as many websites needed, all will need to be MLA format on a separate reference page.Briefly discuss the tasks that procurement professionals of the future will be concerned with.Kindly Highlight the following Details: 1. Describe the steps of the procurement process flow of any manufacturing or Retail company.
- (Supply) - Think about and do a bit of research on the different raw materials and their sources for the components of a candy bar, a tube of toothpaste, OR dish washing soap (choose only one). Share a list of what you come up with (raw materials and where the material came from).Develop a list of topics that nonpurchasing personnel should be allowed to talk about with their counterparts at suppliers. Develope a list of topics that only purchasing should be allowed to talk about with suppliers.Products that satisfy basic needs and do not change much over time.
- What is Supplier relationship management with practical examples?Concerns of suppliers when moving to SupplierPartnerships include:a) small lots sometimes seeming economicallyprohibitive.b) realistic quality demands.c) changes without adequate lead time.d) erratic schedules.e) all of the above.Why would a procurement professional decentralize inventory purchasing?
- Please briefly explain why the correct option is right and why the other options are incorrect. 1) Which of the following is the PRIMARY reason for institutionalizing continuous improvement in the supply chain? a)To help suppliers enhance capability in their processes, allowing both the buyer and supplier to reap the benefits b)To determine where the supplier is making errors without raising costs in the supply chain c)To enable suppliers to voice concerns about how the organization is managing contracts with the supplier d)To make the buying organization more receptive to supplier concerns, including any negative feedbackDiscuss the view that a procurement strategy can be directly linked to the organization’s strategy and long-term business planWhat product characteristics would be necessary for a product to be able to havea supply chain that is simultaneously both efficient and responsive?