Create a sourcing plan for future requirements

Assignment Help Supply Chain Management
Reference no: EM131071833 , Length:

Procurement Study of OCTG Joints (Drilling Pipes)

We have selected an area of expenditure (like a category) which is Purchasing Oil Country Tubular Goods (Drilling Pipes) for oil well in Oil and Gas Industry. This task requires you to develop a document that creates a sourcing plan for future requirements. In the sourcing plan, you should explain:

(1) The roles of procurement and supply in managing this area of expenditure underlining the inputs that may be made by its stakeholders
-How procurement adds value by:
- Knowledge of market
- Knowledge of risks (commercial risks - market risks)
- Knowledge of innovation
- Understanding needs vs wants
- Tangible and intangible benefits
- Managing risks

(2) Techniques that can be applied to the area of expenditure to improve added value
-How we categorize our spent by using following tools:
- Supply positioning
- 5 Porters
And as the results of the tools how your approach of sourcing is going to be (how your approach the supplier)
- What kindly of supplier he is likely to be (eg. High risk, high spent) -Stakeholders Power (internal and external stakeholders) -Customer Preferncing (how supplier is looking at you)

(3) Inclusions that should be made in contracts formed in the future
-Key clauses needed to be included for that specified category like:
- Key personnel
- Liquidated damages
- Penalties
- Warranties
- IP - intellectual property
- Exit clauses
- KPIs - SLAs
- Lead time, delivery

(4) Measures that can be taken to select effective suppliers
- How you will evaluate suppliers
- Pre-qualification of suppliers
- What kind or criteria your choose
- What kind of market research our would choose

(5) Any aspects of the purchase/supply that may require negotiation
- Depending on where you categorize your product or service, depends where it is competitive negotiation or collaborative negotiation.
- What are the things or areas to negotiate about
- How to protect yourself in the future e,g protect against price increase.

Your answer should consist of approximately 5,000 words and should be supported by a title, contents page, Executive summary, Introduction, references and a bibliography. Any source materials such as web sites, reports, articles, market data, journals or texts should be referred to in your work. As this is an integrative assessment, the learning pulls on the syllabus coverage and capabilities of all the modules on the Program:

 Driving value through procurement and supply
 Managing expenditures
 Developing contracts
 Sourcing essentials
 Negotiation in procurement and supply

This Assignment is related to submission of Paper to Chartered Institute of Procurement & Supply (CIPS) certificate. please read the requirement and confirm the scope is clear before proceeding.

Verified Expert

Reference no: EM131071833

How information technology in the supply network

Critically evaluate point and provide various examples from the academic literature to underpin your arguments - case study for a critical review of how information technolog

Adoption of trade promotion synergies

What is your opinion on the adoption of trade promotion synergies amongst companies in the same industry? Wordcount should be 300 Harvard referencing/citation and a minimum of

What is the highest number of trucks

OK, here's what I want to know: how often do we have more than 5 trucks, more than 6 trucks, and more than 7 trucks. What is the highest number of trucks we may have in the sy

Evaluate the strategic issues including the degree

Evaluate the strategic issues including the degree to which they may impact the strategic position, direction, decisions, and activities of the organization - Propose strat

Describe the drivers for causing haier to shut down

Describe the drivers for causing Haier to shut down the company''s central warehouse - Describe what organizational and supply chain strategies Haier has used to become the nu

How would you go about benchmarking warehouses performance

How would you go about benchmarking the warehouse's ? How would you collect data concerning the details of warehouse performance? How would you apply the PDCA process to impro

Would it change the ceo''s decision

CCS has a holding cost of 30%. It currently uses a continuous review policy for managing inventory and aims for a cycle service level of 95%. Weekly demand has a mean of 1000

Global lead-time management and time-compression

Critically analyse the theory, concepts and models of global supply chain management to interpret and understand complex and ambiguous risks in global logistics and supply c


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd