Procurement- Selecting and managing waste handling suppliers does not require the same rigor as selecting a raw material supplier because we are dealing with byproducts. True False
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Procurement-
Selecting and managing waste handling suppliers does not require the same rigor as selecting a raw material supplier because we are dealing with byproducts.
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- As a supply chain and logistics management student, you have completed key aspects of thediscipline throughout your qualification, namely, purchasing management, supplier relationshipmanagement, warehouse management and strategic supply chain management.This question requires you to reflect on your knowledge and understanding of supply chainmanagement. You are required to write a one-page report where you reflect on:• Which areas of this module did you find most interesting and challenging to learn about?Why?• If the procurement process for inventory is not ethically done, what do you think would bethe impact on organisations?• Do you think the individual responsible for managing inventory i.e., performing ABC analysesor tracking inventory through a warehouse needs to be analytical? Why or why not?• Would using artificial intelligence through computer programs give a non-analytical personan advantage?• Could a career in inventory management be the future for you? Why or why not?A document used to solicit bids from interested and qualified suppliers for goods and services that the organization needs to obtain is called a “rfp” request for approval, true or false?For the Stock Management process, describe the IT software that might be used by the Procurement Department (Purchasing) in order to determine which goods and what quantity of them are required by the shop. Explain the Business process and how the selected software can support it. What would be the advantages/disadvantages?
- As a supply chain and logistics management student, you have completed key aspects of the discipline throughout your qualification, namely, purchasing management, supplier relationship management, warehouse management and strategic supply chain management. This question requires you to reflect on your knowledge and understanding of supply chain management. You are required to write a one-page report where you reflect on: • Which areas of this module did you find most interesting and challenging to learn about? Why? • If the procurement process for inventory is not ethically done, what do you think would be the impact on organisations? • Do you think the individual responsible for managing inventory i.e., performing ABC analyses or tracking inventory through a warehouse needs to be analytical? Why or why not? • Would using artificial intelligence through computer programs give a non-analytical person an advantage? • Could a career in inventory management be the future for you? Why or…Why would a procurement professional decentralize inventory purchasing?Corporations and public bodies often define procurement processes intended to promote fair and open competition for their business while minimizing risk, such as exposure to fraud and collusion. Select one: O 1. True O 2. False O 3. Both A and B O 4. All of the above
- Which of the following is not a characteristic of thefactor-weighting approach to supplier evalution?a) it applies quantitative scores to qualitative criteriab) the weights typically sum to 100%c) multiple criteria can be considered simultaneouslyd) subjective judgment is often involvede) it applies qualitative assessments to quantitativecriteriaProcurement- Which of the following is not a type of product defect: A. Manufacturing B. Design C. Marketing D. PricingA common statement made in some supply management organizations is, “We can’t be spending money on supplier development—we’re not in business to train suppliers and do their job for them!” What type of barrier does this statement represent? How would you respond to such a statement?
- A procurement system enables the firm to generate demand forecasts for a product and to develop sourcing and manufacturing plans for that product. [Sistem perolehan membolehkan syarikat menghasilkan ramalan permintaan untuk produk dan mengembangkan rancangan sumber dan pembuatan untuk produk tersebut.] Select one: O True O FalseBelow 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?Vendor selection is a process that allows clearly stating, defining and approving those vendors which meet requirements of a procurement process. Describe some vendor selection criteria for an Enterprise Resource Planning (ERP) system.