.1 There are three important bid committees that are necessary to ensure transparency of the procurement process. In your own words, differentiate between the Bid Specification Committee and the Bid Adjudication Committee
Q: When it comes to executing an indirect spend procurement plan, why is it so important to have senior…
A: Frequently, organizations seeking to integrate hope to gain a competitive advantage by managing…
Q: Critically expain how measurement of performance within the procurement and supply department an…
A: The supply chain is the management of the flow of goods and services it helps in planning,…
Q: 1. Describe the different elements of an e‐procurement system and give an example. 2. Draw a…
A: Note: "Since you have asked multiple questions, we will solve the first question for you. If you…
Q: You have been asked to bid for the potential outsourcing of the Facilities Management operations of…
A: Facility operations is a management work that spotlights the effective activity of the business, or…
Q: What are three basic approaches to negotiations?
A: Cost-based price model A pricing methodology wherever predetermined price of the total expenditure…
Q: E-procurement tools through the Ariba Buyer system play a big role in the process. For example,…
A: E-procurement is procurement that uses information technology and cloud services for its management.…
Q: )explain the challenges in carrying out procurement plan
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: You are the management accountant for a small company that makes and distributes picante sauce.…
A: Management accountants work for companies that are public or private and also for government…
Q: How do you think that a procurement strategy can be directly linked to the organization’s strategy…
A: Sourcing or procurement is an essential part of all the supply chains.
Q: In addition to performing value analysis on the services its properties offer, Starwood evaluates…
A: Some of the essential metrics are given below:
Q: discuss when it's comes to executing an indirect spend procurement plan and why is it so important…
A: Organizations seeking to centralize typically seek to strengthen their power by standardizing…
Q: Iqra University plans to launch its new campus at Bahria Town Karachi. This campus will facilitate…
A: As per the above case study of Iqra University, a procurement strategy required to launch a new…
Q: Describe when it's come to executing an indirect spend procurement plan and explain why is it so…
A: Indirect spending in procurement manages to obtain items and management that help a business'…
Q: Critically examine the advantages and disadvantages of such a decision both to the organization and…
A: Traditional business is revolutionary changing to the e-commerce business and has completely changed…
Q: Identify and explain the pros and cons of assigning the procurement responsibility to each…
A: Below is the solution:-
Q: How do you think that a procurement strategy can be directly linked to the organization’s strategy…
A: A procurement strategy deals with how a business deals with its procurement processes. The…
Q: Illustrate how the procurement processflow? Discuss the advantages and disadvantages on online…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: You are appointed by the government as part of the committee to evaluate the tender submitted for…
A: The scope and obligations of the bidder both during the bidding process and for the procurement…
Q: Sorbet Salons divide their national operations between customers who use the services of Sorbet…
A: The ideal form of departmentalization for Sorbet Salons would be product compartmentalization. Under…
Q: List the disadvantages (min 5 points) of traditional procurement approach and see what are the…
A: Note: As per the Bartleby guidelines, only the first question has been answered. Traditional…
Q: 1. The stage of the evolution of the supply chain management are: a. Consolidation b. All of the…
A: Supply chain can be described as the network which is created between the organization and its raw…
Q: How to Develop a procurement strategy, to prepare a matrix showing, the nature of purchases, types…
A: A procurement strategy is a cost-effective long-term plan to acquire the necessities such as…
Q: to create strategic sourcing metric to reduce cost and enhance efficiency
A: The Kraljic framework is a technique for characterizing and dissecting the buying portfolio to…
Q: Is the transformation of an organization to cost leadership a procurement responsibility,or a shared…
A: The transformation of an organization to cost leadership is acquired by shared responsibility. Cost…
Q: How do you think a procurement policy should be related to an organization's long-term strategy and…
A: Both supply chains include sourcing or procurement.
Q: What makes procurement a technical function? What impact does Government legislation have on…
A: 1.Procurement accounts for spending an association's income on getting labor and products. Aside…
Q: How do you think that a procurement strategy can be directly linked to the organization’s strategy…
A: Procurement Strategy means long term plan for obtaining required supplies from vendor by considering…
Q: Describe how can they believe a procurement policy should be closely related to an organisation…
A: Sourcing, sometimes known as sourcing, is an essential component of all supply networks. Sourcing is…
Q: procuremen
A: Technology, social value, rising standards, and healthcare demand will be major issues for…
Q: Hi there can you please assist on the following questions below You have been recently appointed as…
A: Insourcing (In house) is the process of providing or making goods & services on behalf of the…
Q: Topic: purchasing strategy. Details: Answer the following questions. Q1: How do you think that a…
A: Procurement and Supply Chain Management includes activities such as obtaining raw materials to…
Q: anagement to use a multi-sourcing strategy? b) What sourc
A: Multi sourcing is a method in which outsourcing function is divided among various suppliers. This…
Q: A tender advert appeared in the print media on 12th March 2020 to run for four (4) weeks. A week…
A: Procurement is a vital business function. When managed efficiently and done well, it can help…
Q: can you Explain in 500 words BestCare hospitals were finding it difficult to manage its housekeeping…
A: The Bestcare hospital housekeeping services are in the service of health care facilities and it is…
Q: What will be procurement strategy for a university plans to launch its new campus in the city. You…
A: According to the inquiry, an acquirement system needed to dispatch another grounds alludes to a…
Q: Suppose you work at a clothing manufacturing company. When developing a sourcing strategy, it is…
A: Sourcing strategy is a long-term plan to procure the materials required for any manufacturing…
Q: Note that one of the management processes in the executing process group is associated with…
A: Procurement is considered one of the most important implications while executing a process as it…
Q: The procurement manager from a large merchandising firm has called your vice president for…
A: Given that: Number of hours to produce a unit (Nh) 4 Average labor rate (La) 16 Material cost…
Q: a. Hypothetically, how did you select the supplier/vendor in order to work within the budget limit?
A: Product survey results and fictitious scenarios are used in hypothetical scenario marketing to…
Q: Discuss when it's come to executing an indirect spend procurement plan and explain why is it so…
A: Centralizing organizations typically seek to strengthen their position by standardizing compensation…
Q: Suppose that the Designer on your project team abruptly resigned his position. Instead of filling…
A: Need to take Consultant's Services over filling the Vacancy Internally: Save Time: Internal…
Q: a) Explain how and why the “Identification of need and Specification of need” happen to be the two…
A: a) The first step in the procurement cycle is identifying the needs and why is it needed. This is…
Hi there can you please assist me wi the following question below
1.1 There are three important bid committees that are necessary to ensure
transparency of the procurement process. In your own words, differentiate
between 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 the
first three components of
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.
Step by step
Solved in 2 steps
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Please answer this question: 1. Traveling requisition used for one time capital purchases. A. False B. True 2. Invitation for bid is used to buy when: A. The specifications are designed for one supplier. B. The buyer has wants a competition on the best offer, C. There is complete monopoly. D. The buyer prefers a specific supplier. 3. Spend analysis is the process of determining how much to pay for service A. False B. TrueWhat the strategy should be for reviewing ESHS requirements in subcontractors and suppliers before contracting and how this is relevant in the selection process, also a strategy for develop a detailed plan and requirements that subcontractors and suppliers must achieve and implementing a monitoring process as well as comprehensive strategy to guarantee the accomplishment of ESHS requirements and consequences if subcontractors or suppliers do not accomplish them.
- Determine which factor of production is needed in the following problem. 1.The ABM manufacturing Co.hired a gardener.He uses a lawn mower for landscaping.Which factor of production would you consider this machine? 2.The owner of the company withdrew cash for the salaries of thw employees.which factor of production would you consider cash on hand? 3.The top manager of the firm said "the great ideas,consepts and emotional determination of a person to produce something that consumers want to buy" is very important for the company.What factor of production describes the ability to create great ideas? 4.The farmers planted pineapple cutting in the vacant area located in their locality.Which factor of production would you consider a pineapple plantation?A. Explain the role of information technology in the supply chain. B. Explain TWO (2) characteristics that information must have to be useful for decision- making in a supply chain.Assume Tea brands ChotooChai and BaraChai are competing brands in the market. With arrival of winter season, ChotooChai announces good promotional deals. Using ‘Comparative Statics Analysis’ of demand and supply model: a)How will the managements of the two brands study the short-run and long-run impact on Tea Sales, after the announcement of promotions in the market of Tea? B)Demonstrate and explain, with clearly labelled two panel diagrams, the ‘Rationing Function’ and the Allocating or ‘Guiding Function’ of Price
- Material cost play a crucial role in determining the overall cost structure of an organization. EFFECTIVE MANAGEMENT of Material cost involved a combination of strategic sourcing rusk management supplier relationships and continuous monitoring of markets trends you are a purchasing manager of e thekwenini municipality Question1 Examine the several necessary processes in the purchasing process that will assist in cost reduction at the municipality and give practical examples1. Give four examples of firms you think would be significant users of cost management information and explain why. 2. Give three examples of firms you think would not be significant users of cost management information and explain why.Assume that you are a partner with the firm of Santos & Lopez LLP. You have been asked by Gonzales, Inc., an industrial supply company, to provide assurance about the change in existing customer satisfaction over the last three years. Gonzales' management has indicated that the criteria it intends to use to evaluate customer satisfaction are a combination of customer retention rate and increase in peso sales. Gonzales' management will provide a schedule of the customer satisfaction measures and a note that describes the criteria used Required If Gonzales wants to provide the presentation and CPA's report for general use by prospective customers, identify any available standards that provide guidance for such a service and the type or types of services that your firm could provide
- Explain two approaches a seller can use to estimate variable consideration, and when each approach is likely to be more appropriate.: Iqra University plans to launch its new campus at Bahria Town Karachi. Thiscampus will facilitate media science and business studies. For a complete setup, the procurementdepartment will have to facilitate a number of purchases including equipment, lab facilities andgeneral items. Develop a procurement strategy for this new campus. You are required to prepare amatrix showing, the nature of purchases, types and requisitions required for the completesetup.1. A hotel tries to reduce the perishability of its services by selling last minute inventory at a highly discounted price. This technique presents threats to a company’s: A. Brand image B: Variability of services C: Relationships with suppliers D: Human resources turnover 2. Sometimes, hotel and airline companies upgrade guests to higher-end services. For such services, there are not a lot of word-of-mouth, reviews, or pictures available. For example, a hotel may upgrade a guest who paid for a regular room to a suite in order for the guest to experience an upscale product that the customer does not purchase often, but may purchase in the future. This situation, where a guest may experience an unfamiliar upscale service for the first time, is likely to result in a __________ in the __________ of services. A: increase, intangibility B: reduction, intangibility C: reduction, variability D: increase, variability 3. In hospitality and travel industries, customers and frontline…