As a graduate Procurement Principles, in a three paged report, discuss the causes of unethical practices in Procurement
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As a graduate Procurement Principles, in a three paged report, discuss the causes of unethical practices in Procurement
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- Avion, Inc. Susan Dey and Bill Mifflin, procurement managers at Avion, Inc., sat across from each other and reviewed a troubling performance report concerning a key supplier, Foster Technologies. The report detailed the deteriorating performance of Foster Technologies in the areas of material quality and on-time delivery. At this point, Kevin ODonnell, another procurement manager, entered the room. Explain the role of performance measurement in managing supply chain activities.Analyze the strategies and best practices for negotiating IT procurement contracts with vendors to ensure favorable terms and cost savings.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?
- Discuss the benefits and drawbacks of electronic procurement.Identify and explain the pros and cons of assigning the procurement responsibility to each department of the organization?Analyze the role of IT procurement in ensuring security and compliance within an organization. How can it be effectively managed?
- With respect to the procurement function in the automotive industry, explain its role in establishing supplier performance benchmarksExplain how cost-saving may arise from e-procurement.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.
- Illustrate how the procurement processflow? Discuss the advantages and disadvantages on online retail?List the disadvantages (min 5 points) of traditional procurement approach and see what are the methods or strategies to improve the system by having other forms of procurement systems. Explain the pros and cons of the selected tender method in a table form and how this method may be enhanced.Give four ways in which the procurement function of Cavendish University contributed to the success of the 2nd annual community health day.