Critically analyze the procurement strategies

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Reference no: EM131507046

Choose - omani company

Procurement Practice

Procurement of goods and services, essential to the operation of a company or an organization, often involves substantial expenditure. Past corruption cases shows that it is an area most vulnerable to corrupt manipulation and malpractice. Any corruption in procurement would not only bring financial losses upon a company or an organization, but also adversely affect its reputation as a trustworthy partner for business. To ensure "value for money" when making purchases and to prevent impropriety in the process, it is important for the company or organization to put in place adequate safeguards in the system. The Best Practice case study recommends safeguards for adoption in the procurement of goods and services. Companies and organizations are advised to adapt the recommended measures to suit their respective organizational structure, resource capability, operational need, and risk exposure.

Questions:- (Select any organization of your choice - NO repetition)

a. Examine the ethical procurement issues of the selected organization and what could be the best practices and implementation. (at least 10 ethical issues and best practices).

b. Critically analyze the procurement strategies of the selected organization.

c. How does technology help in strategizing the procurement function?

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In this respective report the overall procurement issues of the company has been significantly entailed. The aspects of operations has been significantly entailed so as to justify the propagation of the company in order to achieve the revenues for determining the success in the long run.

Reference no: EM131507046

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Reviews

len1507046

5/25/2017 3:34:50 AM

10 Marks (References & Structure) 6 - 10 1. Followed prescribed font size, color and style, cover page and style, page numbers 2. Table of contents are clearly given. 3. Cover page attached. 4. Overall alignment is perfect. 5. Clearly followed Harvard referencing style 6. Précised with 2000 words with +/- 5% as tolerance 7. Have submitted the assignment on time with NO delay 8. Less plagiarism attempt, within very low similarity 9. Have clearly followed citation references with requested journals

len1507046

5/25/2017 3:34:43 AM

15 Marks (Conclusion) 11-15 Very well provided, complete full page. Conclusion very clearly reflects on main findings of the study and provides at least 6 recommendations to the selected company, Two recommendation each for procurement ethics, strategies and technology. 6-10 Very well provided, complete half page. Conclusion has clear reflects on main findings of the study and provides at least 3 recommendations to the selected company, One recommendation each for procurement ethics, strategies and technology.

len1507046

5/25/2017 3:34:37 AM

20 Marks Question 3 Technology help in the strategy of Procurement Function 16-20 • Provided minimum Three full pages • Brief information about What is Technology (One citation) • Very good explanations on how can technology helps an organizations. (One Citation) • Very good explanations on what technology that are to be used in Procurement Departments (at least three paragraphs) • Listed down on what functional departments that are mainly involved & structured with the Procurement Technology (at least 5 major departments of the selected company) • Listed down the advantage & disadvantages of procurement technology towards the organization and functional department. (at least 6 advantages and 6 disadvantages)

len1507046

5/25/2017 3:34:30 AM

20 Marks Question 1 Ethical Procurement Issues 16-20 • Very well provided, complete minimum Three full pages • Brief information about What is Procurement Ethics with one citation • Clear list on General Procurement Ethics (at least 7 ethical issues) with one citation • List down with explanation clear Procurement Ethical Issues of selected company (at least 7 ethical issues) • Very well explanation on the impact of Procurement Ethics towards the operation at least three paragraphs. • Very well explanation on the best practices and implementation to avoid any ethical procurement issues at the selected organization. At least 7 best practices 20 Marks Question 2 Procurement Strategies 16-20 • Provided minimum Three full pages • Brief information about What is Procurement Strategy with One citation • Clear list of Procurement Strategy steps of the selected company (at least 7 strategies) • Very well explanation on those 7 strategies at least one paragraph each strategy • Very clear explanation - the line of the key holders and functional structure to maintain best procurement strategy process. (at least 5 departments)

len1507046

5/25/2017 3:34:14 AM

Introduction- a snapshot of the discussion points of the assignment 15 Ethical Procurement Issues 20 Procurement Strategies 20 Technology help in the strategy of Procurement Function 20 Conclusion 15 Referencing- sources and Cu-Harvard style of referencing 10 Total 100 marks 15 Marks Introduction 11-15 Very well provided, complete full page, goal and objectives are very clear, the structure of report is outlined with very good explanation about the topic of discussion. Selected company profile name, location type of business 6-10 Average information provided, half page, goal and objectives are clear with minor information and discussion, the structure of report is outlined with average explanation about the topic of discussion. Selected company profile name, location type of business

len1507046

5/25/2017 3:33:16 AM

Introduction- a snapshot of the discussion points of the assignment 15 Ethical Procurement Issues 20 Procurement Strategies 20 Technology help in the strategy of Procurement Function 20 Conclusion 15 Referencing- sources and Cu-Harvard style of referencing 10 Total 100 marks

len1507046

5/25/2017 3:33:07 AM

I want this assignment of 1500 words. Please follow the rubric marking carefully . Don't miss anything. Please choose omani company if asked in the assignment. • Answer each question using the case as a reference point and relevant literature sources. • Date of submission: As mentioned in the MIG • Submission form: Soft copy to be submitted through Moodle at Turnitin. • Late submission shall be penalised as per the norms of MEC mentioned in the Module Information Guide. • Plagiarism policy is as per the MEC guidelines as mentioned in the Module Information Guide. • Kindly include references (Harvard style of referencing) at the end of the paper. (Minimum of 6 genuine citations and references are required).

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