How can Strategic Procurement Contribute to the Quality of Products Produced by a Man­ufacturing Organization?

$10.00

SKU: Repo609453 Category:

Explain the rationale underlying volume consolidation.

 

STUDY QUESTIONS

1.Why does the contemporary view of procurement as a strategic activity differ from the more traditional view of “purchasing”?

2.How can strategic procurement contribute to the quality of products produced by a man­ufacturing organisation?

3.Explain the rationale underlying volume consolidation. What are the risks associated with using a single supplier for an item?

4.What is the underlying rationale that explains why firms should segment their purchase requirements? Explain the concept of procurement strategy portfolio.

 

CHALLENGE QUESTION

1.In the text, Tyco’s procurement of logistics services was discussed. Why is Tyco’s approach considered innovative?

 

MGT 5062 LOGISTICS POLICY 

True/False Choice

Identify (circle) TRUE/FALSE choice that best completes the statement or answers the following:

1.Early Supplier Involvement (ESI) is an important part of the “Volume Consolidation” stage of procurement strategy evolution.

(True/False)

 

2.Good purchasing strategy is based on standardized set of procedures for dealing with every sup­plier in a firm’s supply base.

(True/False).

 

3.The most important objective in procurement strategy is to ensure that the lowest purchase price is obtained from suppliers.

(True/False).

 

4.A company has decided that it no longer needs to extensively count and inspect the products it buys from a particular supplier. This suggests that the buying company has is in the volume con­solidation stage of developing procurement strategy.

(True/False).

 

5.It is very possible that the supplier which offers the lowest purchase price does not have the low­est total cost of ownership for the buying firm.

(True/False).
 
 

Writing your homework and assignments all on your own is a difficult task. So, Assignments4u has made it easy for students by helping them in writing their assignments. Assignments4u will assist you in completing your tasks, and you can approach us with all your assignment, homework, and essay writing requirements.

We have over 4350+ experienced writers working as experts in different streams of study. Get all your academic doubts clarified and take pride in learning subjects like history, math’s or law. Our assignment help and essay help is available in countries like USA, Australia, New Zealand, Singapore and many more. Get accounting assignment help, corporate nursing assignment help, marketing assignment help or else statistics assignment help in exchange for a nominal price.

Reviews

There are no reviews yet.

Be the first to review “How can Strategic Procurement Contribute to the Quality of Products Produced by a Man­ufacturing Organization?”

Your email address will not be published. Required fields are marked *

Sorry no more offers available

When assignments gets tough, get tougher

Want a fresh solution like this one? 
We are available 24/7
ORDER NOW
Get CallBack