Reference no: EM132819068

This subject is principles of strategic procurement. Answer should be approximately 2,000 words in length (excluding: title page, table of contents, introduction, conclusion, tables, figures, reference list and appendices).

Question

Q1) How should a buying organisation identify the appropriate products for purchasing through an online auction.

Q2) How should suppliers be selected for participation in the online auction.

Q3) What process and criteria would you use for awarding the business to the supplier(s), after the online auction event.

Note:
Use of relevant recent industrial examples (with references) in each question.

Appropriate headings; numbered tables/figures with titles and referenced sources etc.).

Instructions
• Your answer should be approximately 2,000 words (±10%) in length (excluding: title page, table of contents, introduction, conclusion, tables, figures, reference list and appendices).
• You needed to introduce the relevant ideas and concepts discussed in previous Procurement lectures.
• Use relevant references to support your arguments throughout.
• A minimum of 10 references are required in total.

Q1: Item / Product Selection

1) Critical evaluation of why "category" or "segmentation approach" is important for procurement strategy.
2) Critical discussion on portfolio / segmentation matrix.
3) Appraise which product segments are more suited for online auction.
4) Analysis regarding the features of items that are more suited for online auction.

Q2: Supplier Selection
1) Assessment of the supplier selection and evaluation process in the context of online auctions.
2) Evaluate possible sources of supplier information.
3) Discuss how to assess range of supplier capabilities.
4) Critical analysis regarding the steps required in the pre- qualification process / shortlisting criteria / award terms and conditions.
• About 750 words

Q3: Contract Award
Post e-Auction Stage

1) Analysis regarding the steps involved in awarding the contract after online auction.
2) Pros and cons of awarding contract to a single or multiple sources.
3) Pros and cons of awarding the contracts to existing suppliers vs. new suppliers.
4) Discussion regarding the assessment of the online auction process after the completion of online auction to asses what did/did not go according to plan and lessons learned for future.
• About 500 words

Attachment:- Assessment.rar