It is important to provide a summary of the item to be sourced in the requisitioning process. How come?
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It is important to provide a summary of the item to be sourced in the requisitioning process. How come?
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- Prepare a short research paper explaining how to source computer chips which will be used in the manufacturing of the computers for your company who is planning to build them in China. Be sure to explain the entire sourcing and qualification process necessary in developing the entire Supply Chain. Explain the key factors involved and how they will impact your operations. Identify all companies you will be considering as vendors and explain why their selection. The paper should be double spaced in MLA format and contain at least 2 academic references not including textbook which can be used as well and as many websites needed, all will need to be MLA format on a separate reference page.For the Stock Management process, describe the IT software that might be used by the Procurement Department (Purchasing) in order to determine which goods and what quantity of them are required by the shop. Explain the Business process and how the selected software can support it. What would be the advantages/disadvantages?Within the requisitioning process, it is important to include a description of what is to be sourced. Why?
- Which of the following is NOT done by the purchasing department: Select one: a. Taking care of the transportation of the goods from the suppliers b. Developing new sources of supply and improving existing ones c. Identifying materials for new prodcut development d. Providing professional training to employeesBriefly discuss the tasks that procurement professionals of the future will be concerned with.What are the main factors that influence the decision to use the Wilson approach in a supply chain context?
- Explain important characteristics of demand relates to whether demand is derived from an end item or is related to the item itself.A sourcing strategy is essentially a business case for an organisation to determine an optimal approach to procure resources. AusMed which manufactures medical ventilators, wants to procure a heating tube which is a critical component of humidification equipment. In comparison to the value of the ventilator, the heating tube cost less. Moreover, there are very few suppliers in the world that can supply the heating tubes. Outline the steps involved in the sourcing the heating tube? Discuss what sourcing strategy that AusMed needs to adopt while procuring heating tube?Discuss the actions that should be taken for the supply chain in relation to the main processes.
- As a supply chain and logistics management student, you have completed key aspects of thediscipline throughout your qualification, namely, purchasing management, supplier relationshipmanagement, warehouse management and strategic supply chain management.This question requires you to reflect on your knowledge and understanding of supply chainmanagement. You are required to write a one-page report where you reflect on:• Which areas of this module did you find most interesting and challenging to learn about?Why?• If the procurement process for inventory is not ethically done, what do you think would bethe impact on organisations?• Do you think the individual responsible for managing inventory i.e., performing ABC analysesor tracking inventory through a warehouse needs to be analytical? Why or why not?• Would using artificial intelligence through computer programs give a non-analytical personan advantage?• Could a career in inventory management be the future for you? Why or why not?Explain the key principles and concepts behind the Wilson approach in a supply chain context.When is the right time and placement for the business to produce or order products as their inventory? Is overstocking of products good for one company? Why?