Purchasing-procurement and strategic sourcing

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1. Describe and discuss the differences and relationships between purchasing, procurement, and strategic sourcing. How have these concepts evolved?

2. Using the quadrant or risk/value technique, categorize the importance of the following items for an automobile manufacturer: engine, tires, gasoline, paper for the employee newsletter, a uniquely designed and engineered muffler, and rail car service to dealers. Describe the rationale you used to ascertain each categorization.

3. The MSSP process can be described in terms of a series of elements that should be used in the purchase of goods and services. Briefly discuss these elements.

4. Maximizing the effectiveness of the procurement process is a major goal of an organization. What steps can be taken to help ensure that the process is, maximized.

5. A key part of the procurement process is the section of supplies. What criteria are commonly used in the selection process? Which criteria should be given the highest priority? Why?

6. What are the components of TLC? Is it realistic to expect companies to consider all these components?

7. Discuss the advantages and disadvantages of using e-commerce in the procurement process

8. Describe the different types of e-commerce business models available for procurement and point out their respective benefits and disadvantage.

Reference no: EM132227304

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