Answered: 1. What steps in the purchasing process…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Transcribed Image Text:Questions: 1. What steps in the purchasing process are done electronically versus on paper? 2. What types of controls can be used as a result of e-procurement in the sourcing process? 3. What do you think are the challenges associated with implementing e-procurement in this example? FedEx. ILLUSTRATI VE The sour cing process applies a rigor ous, proven methodol ogy to categories selected during an opportunity diagnostic Sourding Process Selected Adtivities Confim uer requirements • Develop category definition Define baic charact Profile the Sour ding Group rateritios Understand industry and supply markets Aszess ber gaining postion Evaluste aternative strategies Select appropriate approaches and techniques Select Sourcing Strategy Identify aalified suppliers • Determine supplier value added capabilities Develop pplie hort l Gemer ate Supplier Portfolio • Verify and adjust sourdng strategy Develop implementation plan Select implementation Ran negotiation ategy · Evaluste applier proposels . Conduct negotiations with spplies Recommend sourcing decis on Path Negotiate and Sdect SupplierS Pan and implerment transtion to new suppliersredationhips Link key processes Conduct joint processimprovement activities Monitor market conditans Oper ationalize Supplier Integr ation Ass new technology and best practioes impact Conduct bendchmarking activities Determine appropriateness for reexamining category Benchmark the Supply M arket

Strategic Process at Federal
Express
FedEx Corporation is a $20 billion market
leader in transportation, information, and
logistics solutions, providing strategic
direction to the six main operating
companies. These are FedEx Express,
FedEx Ground, FedEx Freight, FedEx
Custom Critical, FedEx Trade Networks,
and FedEx Services.
FedEx Center-Led Initiative
Prior to the purchase of the Ground,
Freight, and other non-express based
services, Federal Express had
re-organized all of its major indirect spend
in information technology, aircraft,
facilities/business services,
vehicles/fuel/ground service equipment,
and supply chain logistics groups under
the "Strategic Sourcing and Supply" group,
led by Edith Kelly-Green. After the
purchase of these different businesses
occurred, the supply management function
was re-organized into a Center-led Supply
Chain Management sourcing model.
("Center" refers to a Center of Excellence
that focuses on centralizing sourcing
strategy teams.) Over the last two years,
FedEx Supply Chain Management has
been focusing on leveraging sourcing and
contracting for all of the Fedex family of
companies. For office supplies, instead of
having each company run a contract, SCM

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