How structured process such as six sigma methodology useful

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Reference no: EM133749150

Homework: Operations Management & Quantitative Techniques

Operations and supply chain managers as well as professionals in purchasing engage in strategic sourcing processes, and they demonstrate how spend analysis, total cost analysis, portfolio analysis, and weighted-point evaluation models can be used to support strategic sourcing efforts. Purchasing managers, for example, spend more time on strategic sourcing activities, such as spend analysis, supplier evaluation and selection, and make-or-buy decisions. All of these activities require individuals with a solid mix of quantitative and interpersonal skills. This homework will enhance your skills in these important areas.

In your paper,

Explain in detail why data analysis skills are so important to spend analysis.

Describe how a structured process such as Six Sigma methodology (Chapter 4) can be useful to identify spending patterns and opportunities for improvement.

1) Recommend which functional areas of the business, such as finance, should be involved in spend analysis efforts, and justify the rationale for your choices.

2) The Data Analysis Skills and Thinking paper

Must include a separate title page with the following:

Title of paper in bold font

Space should appear between the title and the rest of the information on the title page.

Student's name

Name of institution (The University of Arizona Global Campus)

Course name and number

Instructor's name

Must utilize academic voice. See the Academic VoiceLinks to an external site. resource for additional guidance.

Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.

For assistance on writing Introductions & Conclusions and Writing a Thesis Statement, refer to the Writing Center resources.

The Scholarly, Peer-Reviewed, and Other Credible Sources table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this homework, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source.

To assist you in completing the research required for this homework, view Quick and Easy Library Research tutorial, which introduces the University of Arizona Global Campus Library and the research process, and provides some library search tips.

Reference no: EM133749150

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