Reference no: EM132784

QUESTION 1

All organizations spend an important part of their budget on procuring goods and services. The present business environment is characterised by stiff competition, free trade, globalization, elimination of trade barriers and quotas. Mutually private and public organisations need to revisit their traditional business models in order to survive and prosper in this turbulent environment. One of the areas of management that might contribute in cost reduction and enhance profitability is undoubtedly procurement activity.

TASK

Suggest 6 innovative ways in which the procurement function can contribute to achieve these objectives of cost reduction and enhancing profitability.

QUESTION 2

Identify and assess impact of implementing an eProcurement application in the Mauritian Public Sector.

QUESTION 3

Identify the major challenges faced by procurement professionals when they are trading internationally. What are key reasons that motivate organisations to source from overseas market?

QUESTION 4

(i) Examine the merits of competitive bidding.
(ii) In your opinion, should negotiation be introduced in the public sector as one of the solicitation methods for procurement of goods and services?

QUESTION 5

Give details, with reference to practical examples, how capital equipment purchases differ from purchases of production materials

QUESTION 6

Choosing a Procurement Development Model, give details how it might be usefully employed in improving the development of the procurement activity.