What is procurement, Discuss the benefits and potential

What is procurement

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Reference no: EM133657376

Assignment:

What is procurement? What is its relevance to logistics?
Explain what is meant by the "strategic focus" of procurement in today's world, compared to the "lowest cost" focus from years ago.
Discuss the benefits and potential challenges of using electronic procurement cards.
Discuss three potential procurement objectives.
In the supplier selection process, what is the risk of omitting the decision-evaluation step?
Distinguish between a single sourcing approach and a multiple sourcing approach.
What are the two primary approaches for evaluating suppliers? How do they differ?
Discuss the factors that make supplier selection and evaluation difficult.
Distinguish between supplier audits and supplier scorecards. When should each be used?

Reference no: EM133657376

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