Which option would you use for the following purchases (tick the box)?
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- Write a brief report that demonstrates your active participation in the discussions and contributions to your personal journal. It should include examples of your postings on the activities, your thoughts and personal musings on the problems and issues introduced in the activities, and a summary of what you learned in this module.Required:Write a summary from the “discussion question and answer” file that I posted. 2-3 page maximum explaining what I learned.A differentiator need not worry about production costs because premium prices can be charged for its goods and services. ⢠Cost is a huge factor to determine what customers buy. All consumers want the the best out of the products but with the right cost. Some customers have loyalty to the brand but cost remains the most important factor in the product. 2. Pursuing a low-cost and a differentiation strategy generates higher profits than a single generic strategy ⢠I would agree with this…1. Describe the different elements of an e‐procurement system and give an example. 2. Draw a diagram that summarises the main differences in processes within an organisation that you choose for traditional procurement and e‐procurement. 3. Outline the main benefits of e‐procurement by example. 4. Explain the differences between buy‐side and sell‐side e‐procurement. Give an advantage for each type for the one of purchasing company. 5. Current adoption levels of e‐procurement are low. Identify the main reasons for this by example.how can procurement expert use kraljic to create strategic sourcing metric to reduce cost and enhance efficiency
- SLO-3.1 The major reason supply management can greatly improve a firm’s return on investment (ROI) is: A) the reduction of post ownership costsB) the reduction of downtime costsC) the reduction of quality costsD) the reduction of acquisition costE) every dollar saved in purchasing is = to a new dollar of profit NEWSLO-3.2 Which of the following is generally not true about supply management and the bottom line? A) Purchased items account for a large percentage of the cost of goods sold. Hence, a reduction in cost of purchased goods has a major impact on the bottom lineB) A Euro increase in sales is equivalent to a Euro decrease in materials cost in impacting the bottom lineC) Outsourcing allows firms to focus on their core competencies, which reduced potential for waste, which then can improve the bottom lineD) A dollar saved in materials cost is usually considered a dollar increase in profit, which directly translates into bottom line savingsE) Supply management can work…What criteria should organizations use to choose mobile device vendors for procurement?What criteria should organizations use to select suitable vendors for mobile device procurement?
- Background on the article:In the construction industry, competitive bidding is used for various procurement routes available for satisfyingclients’ construction needs. These include traditional procurement via design-bid-construct, and the nontraditional ones such as the design-and-build, management contract, and build-own-operate-transfer. Though,it should be noted that contractors do not always bid for every job that comes along but select from a continuallychanging array of potential projects. Therefore, competitive bidding in construction is concerned with contractorsmaking strategic decisions regarding project selection whether or not to bid for a job and determine bid price ifcontractors opt to bid.It has been found in many studies that there are differences in the ranking of factors that contractors considerwhen making bid/no-bid and mark-up decisions. This suggests that contractors’ bidding decisions aredependent on many individual firm-specific characteristics, including some…22. Some arque that an SIS gives a company an unfair advantage and might even cause thedemise of smaller, weaker companies that cannot afford to build similar systems. Is this good orbad for customers? Explain your opinion.I need typing answer ... Discuss the benefits of implementing a vendor rating system for procurement management.
- 1.17 . is not a method of benchmarking (a) Competing tenders, quotations or offers (b) Existing and stable market prices (c) Historical data or reliable trends (d) Substitution of products or services (e) Internal estimatesA. Markets and Welfare IN THE NEWS How Ticket Resellers Help Allocate Scarce Resources modern twist on a practice that has long been registered as a broker from buying and selling demonized by the public and legislators. Scalping certainly results in some con- sumers paying higher prices than they other- wise wuuld. Bul inu exchange for high prices, them most highly. If someone decides at the consumers can get the tickets they want, when last minute to attend a play, a concert or a they want them, without waiting in line or com- game, they can find tickets at some price. peting to be among the first to buy them online Without scalpers, some people who value the at a given time. Opponents mistakenly con- event highly would be unable to buy tickets for clude that high prices are the fault of scalpers, seats of the quality they desire. when in fact prices are high because of a large Is ticket reselling a scourge ora way to make markets more efficient? tickets for a profit. Scalping…Please paraphrase It is important that the supply management student recognize an important point about the sequence in the category management process: Few organizations have fully executed the more complex strategies found in Phases 3 and 4. This is because of a variety of factors including the relative complexity of higher-level strategies, the resources and commitment necessary to execute the strategy, the lack of a supply base optimization effort, and personnel who lack the skills and capabilities necessary for developing advanced sourcing strategies. However, those that successfully execute more sophisticated and comprehensive sourcing strategies should realize greater performance improvement over time.