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Conduct a SWOT (strength, weaknesses, opportunities, and threats) analysis of the 3-page Corporate Travel Policy attached.
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- Avion, Inc. Susan Dey and Bill Mifflin, procurement managers at Avion, Inc., sat across from each other and reviewed a troubling performance report concerning a key supplier, Foster Technologies. The report detailed the deteriorating performance of Foster Technologies in the areas of material quality and on-time delivery. At this point, Kevin ODonnell, another procurement manager, entered the room. Why can changes within a supply chain disrupt the normal flow of goods and services within a supply chain?Avion, Inc. Susan Dey and Bill Mifflin, procurement managers at Avion, Inc., sat across from each other and reviewed a troubling performance report concerning a key supplier, Foster Technologies. The report detailed the deteriorating performance of Foster Technologies in the areas of material quality and on-time delivery. At this point, Kevin ODonnell, another procurement manager, entered the room. What parts of the supply chain are most closely involved with the situation in this case? What is the responsibility of each part in order to maintain a smooth flow of material?Avion, Inc. Susan Dey and Bill Mifflin, procurement managers at Avion, Inc., sat across from each other and reviewed a troubling performance report concerning a key supplier, Foster Technologies. The report detailed the deteriorating performance of Foster Technologies in the areas of material quality and on-time delivery. At this point, Kevin ODonnell, another procurement manager, entered the room. Explain the role of performance measurement in managing supply chain activities.
- Ethics When firms implement a single sourcing policy in their buying, other possible suppliers do not have an opportunity to compete for the business. Is this ethi- cal? What are the advantages to the company? What are the disadvantages?How does this risk assessment compare to other potential suppliers (if there areothers)?Explain the reasons that Mosetsana Pads can provide for engaging in supplier development. Use practical examples relating to their business to substantiate. Reasons : To improve supplier capabilities and enable them to provide better quality and timely delivery • To work towards the reduction of cost for both parties • To work toward gearing the supplier to be able to supply to the buying organisation in line with innovation in sourcing, the buyer's procurement targets and sustainable development objectives • To increase the supplier's profitability as an extension of the benefits delivered to their customers (buying organisation)
- Risk Management in Procurement Assignment 1. Identify critical components of the procurement cycle 2. List ways in which each component could be corrupted 3. Identify possible effects 4. Identify all possible causes 5. Assess the probability (a) of each corrupt practice occurring on a scale of 1 - 5 (1 = Low, 5 = High) 6. Determine the severity of the impact (b) on a scale of 1 - 5 (1 = Low, 5 = High) Risk Assessment 7. Identify the risk factor by multiplying a x b 8. Prioritize the risks 9. Identify corrective/preventive action to minimize the risk of corruption in the procurement cycleExplain how a supplier certification process with measures for quality, delivery and cost performance displayed ?While price and product samples are desirable when selecting a supplier, are they sufficient?
- As their business continues to grow, the management team of Caleb’s Farm will need to focus on establishing relationships with key suppliers. To accomplish that, the team will need to implement a sourcing process. Use the sourcing process to assist Caleb’s Farm team to establish long-term relationships with suppliers. Use practical examples to substantiate your answer. Note: You are required to paraphrase your understanding of the sourcing process before you apply them to Caleb’s FarmExplain the 3 situation in which a purchaser might select a supplier that is having financial problems?AccraMall Ltd (AML) has decided to have a firm grip with suppliers and tiers of suppliers The Mall management has realized that the external source of the supply chain has been left out during decision making process. The recent procurement Audit confirmed the assertion of the consultant who mentioned a number of ways to deal with the external source, Explain any three (3) external procurement relations that exist with the suppliers upstream