Operation management Using relevant examples identify the very unique situations that would push an organization to adopt direct procurement and restricted tendering
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Operation management
Using relevant examples identify the very unique situations that would push an organization to adopt direct procurement and restricted tendering
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- Management Using relevant examples identify the very unique situations that would push an organization to adopt direct procurement and restricted tenderingAs 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?What are the essential features and functionalities to consider when selecting an e-procurement solution for an organization?
- 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…Functions in procurement and logistics management face enormous challenges. Examine the statement using relevant instances.Discuss the benefits and potential challenges of using electronic procurement cards.
- Discuss the four e-procurement methods and give an example of when each might be used.Describe the different types of e-commerce business models available for procurement and point out their respective benefits and disadvantages.how to overcome ethical dilemmas that may be encountered by public procurement committee
- Discuss the advantages and disadvantages of using e-commerce in the procurement process.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?Supply chain management is a critical function within organizations that involves the coordination of activities related to the sourcing, procurement, production, and distnbution of goods and services. Effective supply chain management aims to optimize the flow of materials, information, and finances across the entire supply chain network, from suppliers to end customers. Key components of supply chain management include strategic sourcing, which involves selecting the right suppliers based on factors such as quality, cost, and reliability, inventory management, which seeks to minimize carrying costs while ensuring product availability, and logistics management, which focuses on the efficient transportation and storage of goods. Additionally, supply chain managers must collaborate closely with internal departments as well as external partners to mitigate risks, manage disruptions, and continuously improve the performance of the supply chain. By adopting technologies such as data…