Below are the weaknesses/ disadvantages of Direct procurement. 1. Risk of stock-outs 2. Relatively high costs 3. Quality standards 4. Handling Relationships How do we overcome those weaknesses?
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Below are the weaknesses/ disadvantages of Direct procurement.
1. Risk of stock-outs
2. Relatively high costs
3. Quality standards
4. Handling Relationships
How do we overcome those weaknesses?
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- Hi there can you please assist me wi the following question below 1.1 There are three important bid committees that are necessary to ensuretransparency of the procurement process. In your own words, differentiatebetween 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 thefirst three components of supply chain management in relation to the above example.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.Which aspects of IT security would you expect to be incorporating into an IT procurement plan? a. Penetration testing, System hardness, Physical access b. Authorisation, Authentication and Audit expectations c. Anti-virus, Access controls, Password expiry d. You wouldn't consider security in procurement because it is a different issue entirelyCan you help me? 1. List the disadvantages (min 5 points) of traditional procurement approach and see what are the methods/ strategies to improve the system by having other forms of procurement systems. 2. Explain the pros and cons of the selected tender method in a table form and how this method may be enhanced.
- 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 examplesKindly Highlight the following Details: 1. Describe the steps of the procurement process flow of any manufacturing or Retail company.5.3 Which five would you use in analysis the suppliers to your business.
- How to Develop a procurement strategy, to prepare a matrix showing, the nature of purchases, types and requisitions required for any new setup?Q1: You are a distribution center manager; you understand distribution facilities would provide a variety of services according to the requirements of the supply chain. Your manager requested you to do the training for your team, it should discuss the primary functions of DC, what are they? Q2: When goods need to be transported, the supply chain manager can choose from five modes of transportation: truck, rail, air, water and pipeline. What are the main functions, advantages and disadvantages of each basic mode? Giving goods example under each mode.12. Which of the following is NOT a disadvantage of outsourcing? A. The risk ofa pplier underbidding and later charging more B. The posibility of fogeting how to do the work C. The posibility of a supplier able to deliver fter than needed D. The risk ofa breakdown in the supplier's npply chain
- During contract closure, a procurement audit includes all of the followingEXCEPT:A. Using the payment system to process consideration as per terms of the contractB. Reviewing the contract terms to ensure that they have all been metC. Identifying successes and failures that should be recognizedD. Documenting lessons learned You are reviewing performance goals to figure out how much bonus to pay toyour team members. What document would you consult to find your team’sbonus plan?A. The reward and recognition planB. The staffing management planC. The human resource management planD. The project’s budgetA. 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.Many firms have taken advantage of outsourcing to over many of the risks involved in having to source internally. The decision to outsource however comes with a trade-off. Most organizations in the outsourcing sector outside the supplier community say that lowering cost is always the driver for outsourcing but others see strategic and operational drivers as equally important. a) Briefly explain four (4) operational reasons of outsourcing. b) Why do some organizations, regardless of the benefits of outsourcing, would still not consider it as an option? Discuss four (4) reasons to explain your answer.