Purchasing and Supply Chain Management
6th Edition
ISBN: 9781285869681
Author: Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher: Cengage Learning
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Question
Chapter 2, Problem 9DQ
Summary Introduction
To explain: The advantages of electronically transmitting the purchase documents in a transaction between the concerned parties and the challenges involved in executing e-procurement tools.
The purchasing process:
The purchasing process encompasses all the activities as shown below:
- Identification of user requirements.
- Evaluation of the user needs effectively and efficiently.
- Identification suppliers who are capable to meet the demand.
- Development of agreement with those suppliers.
- Development of the ordering mechanism.
- Ensure that the payment process occurs promptly.
- Ascertaining that the needs are effectively met and
- Driving continuous improvement.
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Chapter 2 Solutions
Purchasing and Supply Chain Management
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- Explain the applicable technology for each stage of the e-procurement modelarrow_forwardEvaluate the cost-effectiveness and potential benefits of implementing a Mobile Device as a Service (MDaaS) approach compared to traditional procurement methods, especially for large enterprises.arrow_forwarda) What challenges have been faced by various bodies when implementing e-procurement in acquisitioning goods and services. b) Suggest possible measures/ solutions that can be under taken to offset the challengesarrow_forward
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- The selection of a supplier establishes the crucial issues that will determine whether the organization's procurementprocess is successful or unsuccessful. Critically examine how Food Lovers (fresh fruit and vegetables, meat supermarket) will detect which supplier is able to supply its requirements satisfactorily, both strategically and operationally in the short and long term. Kindly use examples to explain answers more in detailarrow_forwardProcurement is defined as the process of establishing terms and conditions for acquiring goods and services from external sources. Procurement cost is a Key Performance Indicator (KPI) that is vital to supply chain management. This provides a clear way to measure the performance of the entire procurement process, and since it is a KPI based on cost metrics, it directly impacts the bottom line.Procurement savings serve the purpose of driving down the cost of goods (including the handling and delivery of those items) as well as improving terms in the supplier relationship. Reducing procurement costs can be a simple and instant way to increase profit margins without sacrificing the quality of products offered to consumers.There are a variety of techniques businesses can implement to drive down these purchasing expenses, but first, it is vital to understand the different types and components of procurement costs and identify why these expenses occur. Hence, if e-procurement is seen…arrow_forwardProcurement is defined as the process of establishing terms and conditions for acquiring goods and services from external sources. Procurement cost is a Key Performance Indicator (KPI) that is vital to supply chain management. This provides a clear way to measure the performance of the entire procurement process, and since it is a KPI based on cost metrics, it directly impacts the bottom line.Procurement savings serve the purpose of driving down the cost of goods (including the handling and delivery of those items) as well as improving terms in the supplier relationship. Reducing procurement costs can be a simple and instant way to increase profit margins without sacrificing the quality of products offered to consumers.There are a variety of techniques businesses can implement to drive down these purchasing expenses, but first, it is vital to understand the different types and components of procurement costs and identify why these expenses occur. Hence, if e-procurement is seen…arrow_forward
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