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Procurement Essay Topics & Paper Examples

Decision of Allowing the Procurement of Used Items

Discussing the pros on the decision of allowing the procurement of used items in public sector (PPA 2011): * It is economical; This is because of the liquidity crisis and improvements in product quality control hence some governments are opting for secondhand purchases. The current update in this regard is that, According to BBC News (Feb’2009) the Indonesian military is currently negotiating with the US Army to purchase secondhand F-16 fighter jets in a bid to modernize its air power military capability. Mark you Indonesia is the largest economy in Southeast Asia and one of the dynamic emerging markets in the world. The country is also a member of the elite G-20 major economies. Quality control especially technically aircraft never…

System Procurement Process

Procurement process is the term used by businesses to describe the buying process, and can refer to the purchase of supplies or services. Many businesses use automated tools such as an Enterprise Resource Planning (ERP) system and Electronic Data Interchange (EDI) to assist procurement specialists or buyer with the buying activities. Regardless of whether an automated system is used, the goal of the procurement process is to buy the exact product or service when needed for the most favorable price. Identifying a need is the first step in the procurement process. If the business has an automated system, typically a purchase requisition (PR) will be sent to the buyer indicating what product or service is needed. For businesses without automated…

Procurement vs Purchasing

Introduction The need for acquiring materials or assets for an organization is fundamental to their business operations. Creating strategies and methods to procure the best materials at the most cost efficient ways and to maintain the same can be only put to practice with a dedicated procurement and purchasing functions. The terms purchasing and procurement are often interchanged, but they do differ in scope. Procurement is much wider term and it is a strategic element when compared to purchasing. Purchasing is the functional part of procuring materials for the organization. “Procurement can be broadly defined as all the planning, analyzing and measures taken to acquire goods and services required to run the organization smoothly.” Procurement can be of two types…

Aloha Products Case Study Summary

I. Point of View As shown in the case 7-4, Aloha Products faced different problems with its departments in the Purchasing Unit which operates disorderly that cause the inefficiency and ineffective allocation of resources. II. Statement of the Problem This study sought to answer the following questions: 1. What should the company do to solve the problem regarding the Purchasing Unit? 2. What are the things that the Purchasing Unit must consider before taking decisions? 3. What should the company do to lessen their cost of sales? III. Objectives This study aims to change the current control system for the Purchasing Department and to unite the Purchasing Department with the Manufacturing Department. IV. Areas of Consideration (Analysis of the Case)…

The attachment report

1.1 INTRODUCTION The attachee was at Kiambere Mwingi water and sanitation company which is located in Mwingi Sub County. 1.2  The kiambere mwingi water and sanitation company limited (kmwsco),is a registered company limited by guarantee and incorporated on 2010, is mandated via a water project dated 1998;is to provide water and sanitation service to mwingi and its immediate environs. The company is owned by stakeholders.Tanathi water service Board is the asset holder and licensor. KMWSCO’S area of jurisdiction includes mwingi town and its environs. Stretching an area of 40square kilometers, with estimated population about 38,000.The water coverage is about 50 of the area Currently KMWSCO 1,700 active water connection .The water source is kiambere dam with combined capacity of 2,140…

Home Depot Business Proposal

Bernie Marcus and Arthur Blank founded Home Depot Corp in 1978 (The Home Depot, 2013). The business created strategic product analysis providing an assortment of items to consumers. From the beginning, workers have been able to deliver superior customer satisfaction in the business, helping consumers with jobs such as handling power tools, changing out parts on appliances, laying tile, etc. The Home Depot employees all underwent arduous training to familiarize each employee with products. In addition, the business began hosting workshops to teach consumers on how to do things themselves. Home Depot progressed into a globally known hardware retailer that has an inventory consisting of up to 40,000 various types of constructing and home improvement materials, supplies, outdoor, lawn and…

Indianapolis: Activity-Based Costing

1- Yes, government should perform a cost analysis before privatization, especially if the government will remain as a participant in the bidding process. The cost analysis will provide the government with cost information for accurately pricing the bid. In case the government is not going to be a participant in the bidding process, the cost estimate will provide the government with an estimate on how much to pay for a service. For example, if the government wants to engage in a firm fixed price contract, a cost analysis will provide an accurate estimate of the cost and government can adjust the estimate for labor contractor rates and profit to price the contract. 2- For pothole filling activity direct labor and…

ICAS Report Planning Template

ABC Ltd supplies a complete range of carpets and furniture to the general public. ABC Ltd has over 75 nationwide high street shops in all major UK cities and many large towns. ABC Ltd also has a 24/7 online shop which is on the head office site in Aberdeen. Over the past seven years the company has grown steadily and now has revenue of over £29 million. It employs around 400 full-time staff. Who are the businesses major stakeholders (internal and external) and why? Major stakeholders of the business could be anyone who has an interest in the business. The business is the sole supplier of a range of furniture. The relationship with this supplier is crucial to the success…

An offshoot of business process outsourcing

1. (TCO 2) An offshoot of business process outsourcing which requires a greater skill or knowledge of the industry or inner workings of a firm is: 2. (TCO 3) How are the procurement responsibilities divided between the project manager and contract administrator? 3. (TCO 4) What is the difference between the Cost-Plus-Percentage-Fee (CPF) contract structure and the Cost-Plus-Fixed-Fee (CPFF) contract structure? 4. (TCO 5) To assess the impact of a contract on both the buyer and seller, an analysis of exposure can be completed. Categories analyzed in this exposure analysis include all of the following except: 5. (TCO 6) Factors that may affect the BPO agreement structure include all of the following except: 6. (TCO 6) Sometimes a seller is…

Tuscan lifestyles: assesing customer lifetime value

Tuscan Lifestyles catalogs markets a number of products such as cookware, tableware, linens and decorative home accessories. Due to the nature of the products and the business, it is difficult for the company to know whether or when the customer makes additional purchases. The company is looking to see whether a customer’s initial purchase amount is predictive of the overall lifetime value of the customer and base their future marketing plans on the outcome. For this study, the customers were divided into two groups, customers that made an initial purchase of less than $50 and customers with an initial purchase of at least $50. The average lifetime value of a customer whose initial purchase was less than $50 was (13.36)….

China’s Government Procurement and Indigenous Innovation

Summary Indigenous innovation1 has become the greatest immediate source of economic friction between the United States and China. This trend is not unique to these two countries; policy makers globally are actively trying to stimulate domestic innovation. The burgeoning markets for biotech and environmentrelated products and services and, potentially even more important, countries’ efforts to emerge from the global economic slowdown all reinforce this trend. Mindful of this global scene, China has made indigenous innovation one of the core elements of its attempt to make a structural shift up the industrial value chain. Recently, however, indigenous innovation has been tarred with a protectionist brush. In both China and the United States, there have been increasing calls for buy-local stipulations and…

Balancing Penn Foster Studies with Work and Family Demands

My name is Julia and I am in my early twenties, and I would have never have imagined that I would one day be going back to school to earn my college degree. My mother and fiancé encouraged me to pursue it, because of my love of art and talking to people, marketing and public relations and that it would be very expensive since I wanted to go to college in America but could not afford it at the time. They were very supportive from the start; my fiancé assisting me in writing notes on flash cards and giving me pop quizzes and my mom reminding me to complete homework assignments when I was busy doing household chores. To me,…

Facquier Gas Company

The case study link is provided below for the Case Study 2 Facquier Gas Company. Read and study the case and complete the questions at the end of the study. Use the case study outline below to assist you with your analysis. Questions should be answered using case study format. Ensure that you adequately explain the problem, describe alternative solutions and justify your recommendation. This exercise should be able to be completed in approximately 3-6 doubled space pages. Attached completed Case Study #2 as a MS Word document in the assignment area of the classroom – Mr. Murphy, the manager of supply management is responsible for procurement for Fauquier Gas Company. Mr. Murphy specializes in the procurement of materials used…

Accounting Information Systems

1. Aims This assignment aims to provide students with a detailed understanding of business activities performed in the major business cycle and the flow of accounting data and information in those accounting information system. Upon completion of this assignment, students would be able to appreciate and practically apply the different methods in building, using and implementing accounting information systems to meet organisation goals which are taught through BACS2703 Accounting Information Systems. It introduces and manages the use of information communication technology and accounting information systems in the actual business environment in order to optimize business benefits. 2. Learning Outcomes Upon the completion of this assignment, the students will be able to:- Comprehend the basic business activities and related information processing…

Competitive Bidding

Introduction An open and competitive procurement procedure begins with the promoter’s description of its requirements and an invitation to suppliers to indicate their interest in the contract and their professional capacity to fulfil it. The promoter then identifies potential suppliers and invites them to submit bids. After the bidding phase, most procurement systems require a public declaration of the competitors’ names and their bid prices and, ultimately, of the successful bidder. There is a wide variety of procurement procedures available for use in tendering when it comes to PPP arrangements. Many of these procedures have become prescriptive in nature. Many local governments follow standard procurement procedures drawn up by the International Federation of Consulting Engineers (FIDIC). However, most commonly PPP…

Request for Proposal (Rfp)

Executive Summary The purpose of this report was to find information about RFP in order to successfully implement Supply Chain Management software. The main source for all this information was the internet. Each of the RFP sources have an assortment of advantages and disadvantages. However, after analyzing each of them carefully, I came to the conclusion that the first and second option together would be the best choice to use since we are doing this for the first time. This decision would initially be costly but would reduce the expenses in the future. It would also be efficient because it would allow us to eliminate inferior vendors, which in turn would facilitate us in implementing the appropriate SCM software. Additionally,…