Dear students, get fully solved assignments by professionals
Do send your query at :
or call us at : 08263069601
(Plagiarism proofed assignments available with 100% surety and refund)
Procurement Management
April 2025 Examination
Q.1 ABC Healthcare is a mid-sized
pharmaceutical company that specializes in producing over-the-counter (OTC)
medications. With steady growth and diversification into new product lines, the
demand for various raw materials, packaging supplies, and third-party services
has significantly increased. However, the procurement system at ABC Healthcare
has not adapted to these changes, resulting in sourcing delays, inconsistent
purchasing practices, and potential cost inefficiencies. Identify and describe
the various requisition types that ABC Healthcare may encounter in its
procurement operations, emphasizing the importance of requisition
categorization for effective procurement planning and execution. Additionally, propose a structured process
for issuing an
RFx (Request for Proposal, Request for Quotation, or
Request for Information) to ensure optimal supplier selection and contract
negotiation for ABC Healthcare. (10
Marks)
Ans
1.
Introduction
ABC
Healthcare, a mid-sized pharmaceutical company, is undergoing significant
growth and diversification, leading to increased demand for raw materials,
packaging supplies, and third-party services. This expansion highlights the
critical role of procurement in maintaining supply chain efficiency, cost
management, and operational continuity. However, the company’s existing
procurement system has struggled to keep pace, causing delays, inconsistent
practices, and inefficiencies. To address these issues, it is essential to
identify and categorize the various requisition types within procurement
operations, as categorization ensures structured and efficient sourcing.
Furthermore, implementing a well-defined RFx (Request for Proposal,
Dear students, get fully solved assignments by professionals
Do send your query at :
or call us at : 08263069601
(Plagiarism proofed assignments available with 100% surety and refund)
Q.2 SolarBright Ltd. is a global
manufacturer and distributor of solar energy equipment, sourcing components
from international suppliers and delivering products to clients worldwide.
Despite its success in the renewable energy market, the company faces
significant challenges in managing its transportation and logistics. Issues
such as inconsistent shipment traceability, high transportation costs, and
discrepancies in documentation have resulted in delayed deliveries and
operational inefficiencies. Explain the concept of INCO terms and their
importance in global supply chain management by analyzing how selecting the
appropriate INCO terms can
influence SolarBright Ltd.'s transportation costs
and responsibilities. Additionally, evaluate
the potential risks associated with inaccurate or
incomplete shipping documentation and propose strategies or technologies to
improve shipment visibility and traceability.
(10 Marks)
Ans
2.
Introduction
SolarBright
Ltd., a global leader in solar energy equipment, operates in a complex supply
chain environment that involves sourcing components internationally and
distributing products worldwide. While the company thrives in the renewable
energy market, it faces transportation and logistics challenges, including
inconsistent shipment traceability, elevated transportation costs, and
discrepancies in shipping documentation. These issues hinder operational
efficiency, delay deliveries, and
Q.3 GreenHarvest AgriTech, a
rapidly expanding agritech company specializing in sustainable farming
solutions, is encountering challenges in sourcing reliable suppliers for
eco-friendly materials, streamlining supplier onboarding, and evaluating
supplier performance. These difficulties threaten the company’s ability to
maintain operational efficiency and meet growing market demands.
a. Discuss the significance of
conducting spend analysis for GreenHarvest AgriTech to uncover cost-saving
opportunities and explore strategic sourcing options by outlining a
step-by-step approach to improving the supplier selection process. (5 Marks)
Ans
3a.
Introduction
GreenHarvest
AgriTech, an innovative player in sustainable farming solutions, is facing
challenges in sourcing reliable suppliers, onboarding them efficiently, and
evaluating performance. These obstacles can hinder operational efficiency and
compromise the company’s ability to meet growing market demands. Conducting a
thorough spend analysis is critical for identifying cost-saving opportunities,
streamlining procurement, and implementing strategic sourcing practices. By
understanding spending patterns, the company can refine its supplier
b. Discuss how understanding Total
Cost of Ownership (TCO) can aid GreenHarvest AgriTech in making strategic
decisions regarding supplier and product selection. (5 marks)
Ans 3b.
Introduction
For
GreenHarvest AgriTech, understanding Total Cost of Ownership (TCO) is a pivotal
aspect of making strategic supplier and product selection decisions. TCO
encompasses not only the purchase price but also all associated costs over the
product or supplier relationship’s lifecycle. A TCO
Dear students, get fully solved assignments by professionals
Do send your query at :
or call us at : 08263069601
(Plagiarism proofed assignments available with 100% surety and refund)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.