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Topic: The Risk Procurement Brings
Thread: Review Case 1.8 on p. 36 of the Wilson text and address the following prompts, based on the information from Chapter 4:
1. Develop a list of procurement requirements that this project might include.
2. Identify what items will be purchased and what items may need to be contracted.
3. How can a contract strategy be used in this situation?
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Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
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Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
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Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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