To rework: The profit model with the exponential curve to associate demand to price and to write a brief memo on the results received from the calculations. Forecasting : Forecasting is a method utilized by organizations to project future demand and implement their production strategies accordingly. Forecasting is essential for developing the budget, marketing plans and for making other financial considerations.

Question

Do the inherent differences between private and public sector objectives—profit versus publicgood—render private sector category management practices unsuitable for public sectorpurchasing, where open tendering is the norm?You have now undergone the Category Management classes and your superiors have requestedfor your input on how to integrate some of the learnings into the public sector policy. Discuss and elaborate what are the activities and governance you would introduce in yourrecommendations without violating the principle of transparency and accountability withinyour organisation. This is based on Singapore context. Pls provide a draft with explanation, examples and useful links for learning purposes. Citations will be good too. This is a module in SUSS called category management and supplier evaluation

Answer 1

Question

Chapter 2.6, Problem 13P

Summary Introduction

To rework: The profit model with the exponential curve to associate demand to price and to write a brief memo on the results received from the calculations.

Forecasting:

Forecasting is a method utilized by organizations to project future demand and implement their production strategies accordingly. Forecasting is essential for developing the budget, marketing plans and for making other financial considerations.

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