Category: Procurement

Procurement Process Improvement: Supply Chain Data Transfer To be represented in the global market and attain impressive success, a company needs to make sure that the quality of its services is top-notch. However, when growing increasingly large and entering a big number of markets, an organization may lose the track of some of its vital…

Effective Procurement Activities Added Value Introduction Procurement is an essential part of business activities because there are many benefits that are accrued from the process. The evolution of market economies has made it important for companies to focus on effective procurement activities because there has been a great need to improve the competitiveness of the…

How Procurement Optimization Adds Value to Organizations Component 1: Primary Research What are you doing in your daily procurement in your daily work? My primary duty as a procurement officer is to ensure that my company has a regular supply of the needed raw materials to facilitate normal operations. On a daily basis, I have…

Cathay Pacific Companys E-Procurement System This recommends the implementation of e-procurement system (CXeBuy, namely) by Cathay Pacific due to the benefits that should be experienced by the company with the course of time. As the focus is made on the improvement of the purchasing process and capability, there is a necessity to develop an e-business…

The Analysis of Procurement Methods The research, which has been carried out, is aimed at analyzing procurement methods and their use. In particular, it is of the crucial importance to identify the major criteria for creating the customers profile and organizing delivery. We should also pay extra attention to the choice of particular technique, and…

SpaceX Companys Procurement Strategy The industry of space exploration in the U.S. has always been dominated by NASA, the government agency responsible for operating in the sphere of aeronautics, yet, the emergence of SpaceX changed the status quo. The company, led by entrepreneur Elon Musk has proved over a short period of time that it…

The Strategic Procurement Sourcing Sourcing strategies in procurement involve connecting data collection, market research, spending Analysis, contracting, and negotiation. Even though the sourcing strategys main aim is to leverage a single, integrated system that enhances profitability, it is customized to meet the need of consumers. There are various current and upcoming trends in e-procurement and…

Procurement and Delivery Strategies: Conclusion and Recommendations Recommendations The procurement authority should adapt fixed-price lump-sum contracts where cost over-runs are met solely by the contractor in case of any. Introducing this new direction in the procurement and bidding world will be fundamental to protecting taxpayers from such risks. Armstrong and Sambamurthy (2006) assert that risk-sharing…

Employees Training: In-Depth Explanation of the Procurement Plan Table of Contents Introduction Objectives Cost Estimations Assumptions and Timeframe References Appendix A Introduction The ability to reduce the time required to explain a task to an employee and track its completion can significantly affect the efficiency of the company and improve the bottom line. This project…