Reference no: EM131048644 , Length: 1500 words
Assignment 1 - Sourcing Strategy and Planning
Element:
- Managing Risk and Spend in Relations to Customer and Supplier Requirements
- Performance Measurement in Sourcing and Supply
For an organisation of your choice:
a) Critically evaluate the relationship between the sourcing and procurement strategy with the overall corporate strategy.
b) Compare and contrast the methods that the organisation may take to select and establish close collaborations with a reduced number of supply sources for its strategic supplies.
c) Outline the mechanisms that need to be put in place to ensure that collaborative arrangements work for the effectiveness of the organisation and its suppliers.
Assignment 2 - Management and Control of Sourcing and Procurement
Element:
- The Roles of Sourcing and Procurement
- Sourcing and Procurement Procedures and Processes
A recent audit has revealed that the sourcing and procurement process is the reason for supply chain delays and quality problems leading to unacceptable customer satisfaction levels. You have been tasked to review the sourcing and procurement process for the organisation.
a) Describe how you would proceed with this task in order to identify and address the problems and transform the sourcing and procurement process.
b) Outline the legislation that is likely to impact and influence the sourcing and procurement of this organisation. Outline the mechanisms that need to be put in place to ensure compliance for sourcing and procurement of a public sector organisation.
c) Discuss the importance and process of setting negotiation objectives for a large procurement contract.
Assignment 3 - Supplier and Contract Management
Element:
- Managing Risk and Spend in Relations to Customer and Supplier Requirements
- Performance Measurement in Sourcing and Supply Your organisation is in a difficult situation where order quantities and stock levels are perceived to represent high financial costs to the organisation, whilst at the same time customer service levels are not increasing proportionally.
a) Analyse the strategic sourcing options that an organisation can adopt in addressing the above contradictions, showing how subsequent risks can be managed.
b) Critically evaluate your role as a procurement specialist and why you should be aware of the ‘essential elements' of a contract in terms of contract management.
c) Supplier relationships represent a significant part of the activities for the procurement function especially for large corporations. Describe a process which an organization of your choice can use to ensure that appropriate relationships are maintained effectively and efficiently.
Assignment 4 - Procurement Performance Improvement
Element:
-The Roles of Sourcing and Procurement
- Managing Risk and Spend in Relations to Customer and Supplier Requirements
- Performance Measurement in Sourcing and Supply
You are the Procurement Manager of an organisation that is reviewing the performance measures for the sourcing and procurement process.
a) Describe the key performance indicators that should be used to monitor the overall performance of the process. Give your reasons for the selected measurements.
b) Evaluate how information technologies have been applied to ensure sourcing and procurement effectiveness.
c) One of your organisation's contracts is on the brink of collapse due to a major dispute with a key supplier. Discuss the method you would use to recover the contract from the current situation and what remedies you could consider in the event of a breach of contract.
- Your initial submission must include ALL four assignments. If one or more assignments are referred, you can re-submit these on an individual basis, but not in the first instance.
- The questions are designed to test your Understanding of the thoades/principles involved and their application.
- The answer should be relevant and concise.
- Examples are always welcome and, 2 specifically asked for, they must be included.
- The marts will be based on your knowledge of fundamental elements, use of
programme content, your conclusions/recommendations and presentation.
- Each assignment Is marked out of 100, with a 50% pass mark. Full marking geode can be found at Appendix A.
- Assignments should he stapled in the top left hand corner.
- Each assignment should be submitted with a separate cover sheet found at Appendix B.
- Style, You should use font 12 point Arial, 1.5 spaced, standard margins.
- Referencing: Your work must be referenced and there are a number of referencing systems but the Harvard systems recommended. Harvard: author and data appear in the text and in the references at the end of your work in alphabetical order of author's surnames. Do not keep web references separate and do include the date accessed. Do not put references in footnotes.
- Remember, you are aXning for accuracy and consistency,