QUESTION 22.1Discuss the stages in the development of the procurement function, theircharacteristics and performance capabilities2.2 Discuss the steps in the value chain process and identify the ProcessFunction List Entities according to the SCOR model.OUESTI ON 3

2.1) Procurement process or function are a series of steps or processes that is essential to obtain…

Answered: QUESTION 2 2.1 Discuss the stages in…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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

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No 1: Iqra University plans to launch its new campus at Bahria Town Karachi. This campus will facilitate media science and business studies. For a complete setup, the procurement department will have to facilitate a number of purchases including equipment, lab facilities and general items. • Develop a procurement strategy for this new campus. You are required to prepare a matrix showing, the nature of purchases, types and requisitions required for the complete setup.
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with the complexity of the product range and the need for high levels of quality, she has found it difficult to influence sourcing strategy. Formal procurement procedures and systems at PEC are very limited. Currently, the buyer waits to receive a requisition from the production function to place orders for equipment, materials and products. This means that orders are usually urgent and the buyer has little opportunity to review alternative suppliers or sourcing approaches. Low value maintenance, repair and operations (MRO) requirements cause particular problems as the requisitions are difficult to aggregate. This causes excessive and time-consuming administration for the buyer. Testing requirements Pressure testing machinery used for testing the quality of seams in the protective work-wear is nearing the end of its life and will soon require replacement. Product testing is essential to confirm final quality of manufacture and conformance to industry standards. The test equipment is…
Supplier Raw Materials Inventory Management Production Question related to the diagram: Quality Control Packaging Finished Goods Distribution Retail Customer The process starts from the supplier, goes through raw materials, inventory management, production, quality control, packaging, finished goods, distribution, retail, and finally reaches the customer. How does the 'Inventory Management' stage interact with the 'Production' stage, and what strategies can be implemented to optimize this interaction?

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QUESTION 2 2.1 Discuss the stages in the development of the procurement function, their characteristics and performance capabilities 2.2 Discuss the steps in the value chain process and identify the Process Function List Entities according to the SCOR model.