Procurement comprises of three main stages namely identification of need, supplier selection and acquisition. Consider a firm is supposed to buy two types of material A and B. Material A is the routine buying where material B is nominated as CAPEX oriented. •Identify the functional and innovative buying •Role of Earlier supplier and supply involvement in each case •For which case, the company can proceed with brand specific purchasing and why?

Procurement comprises of three main stages namely identification of need, supplier selection and acquisition. Consider a firm is supposed to buy two types of material A and B. Material A is the routine buying where material B is nominated as CAPEX oriented. •Identify the functional and innovative buying •Role of Earlier supplier and supply involvement in each case •For which case, the company can proceed with brand specific purchasing and why?

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Chapter2: The Purchasing Process

Section: Chapter Questions

Problem 1GPE

See similar textbooks

Similar questions

supply chain management Procurement comprises of three main stages namely identification of need, supplier selection and acquisition. Consider a firm is supposed to buy two types of material A and B. Material A is the routine buying where material B is nominated as CAPEX oriented. • Identify the functional and innovative buying• Role of Earlier supplier and supply involvement in each case• For which case, the company can proceed with brand specific purchasing and why?• Evaluate the benefits of hybrid buying structure for each case covering the benefits of both centralized and decentralized buying• Establish which of the purchasing requires RFQ and RFP and why?
At the Clorox Company, many new products are developed in conjunction with supply partners. When the company wanted to develop a line of surface-protecting cleaning products, it partnered with specialty chemical companies to develop products that could protect surfaces as sensitive as Teﬂon. Discuss identification stage of procurement with reference to this scenario. Identification Stage of procurement: Identifying Goods or Services needed is the 1st stage of procurement. Before the company can have something procured, there ha Do you think the role of supply partners as Earlier Supplier Involvement (ESI)? Mention the keynotes from ESI that can be generalized to any buying organization.
Centralized purchasing is used primarily to A) increase the number of buyers who work with suppliers. B) improve quality of purchases. C) secure better price discounts based on volume purchases. D) increase the number of suppliers to drive price discounts. E) locate purchasing close to retail outlets.
At the Clorox Company, many new products are developed in conjunction with supply partners. When the company wanted to develop a line of surface-protecting cleaning products, it partnered with specialty chemical companies to develop products that could protect surfaces as sensitive as Teﬂon. a. Discuss identification stage of procurement with reference to this scenario.
I need typing answer ... Discuss the benefits of implementing a vendor rating system for procurement management.
Discuss why supplier managed inventory and integrated supplier programs becoming more popular with buyers when selecting a supplier ?
Describe the supply chain for your university or college.Who are the suppliers, producers, and distributors in thissupply chain? Are there different supplier tiers? Howwould you evaluate this supply chain? Does inventory evenexist, and if it does, what form does it take?
Procurement extends from just defining work- sharing warranties etc to co designing the offering and R&D that it requires. Discuss the evolution of procurement strategy from cost driven to revenue approach in the light of above approach.