identify and discus all possible moral dilemmas from this scenario and formulate appropriate responses to manage them as a procurement managenent officer
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Lisa Jennings thought that a long last her company asureance technologies, was about to win a major contract from Sealgood Instruments a maker of precision measuring instruments was sourcing a large contract for component subassemblies the contract that asuarinng technology was bidding on was worth atleast $2.5 million annually a significant amount given asuarances anuall sales $30 million. Her team had spend hundreds of hours preparing the quotation and left they could meet Sealgoods requirements in quality cost delivery, part standardization and simplification. In fact Lisa had never been more confident about a quote meeting the demanding requirements of potential customer. Troy Smyrna, the buyer at Sealgood instrument responsible for awarding his contract called Lisa and asked to meet with her at his office to discus the specifics of the contract. When she arrived Lisa soon realized that conversation was not going exactly as she had expected. Troy informed Lisa that asuarance technologies had indeed prepared a solid quotation for the contract however. When he visited Assurances facility earlier on a qualifying visit, he was disturbed to see significant amount of a competitors product being used by assurance. Troy explained his uneasiness with realising part plans and design to a company that clearly had involvement with a competitor. When Lisa asked what assurance could do to minimize his uneasiness. Troy replayed that he would be more comfortable assurance no longer used the competitors equipment and used Sealgood equipment. Unfazed Troy simple asked her or not she wanted the business. Lisa responded that she needs some time to think and she would get back to Troy in a day or so.
REQUIRED identify and discus all possible moral dilemmas from this scenario and formulate appropriate responses to manage them as a procurement managenent officer
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