Procurement Management
September 2021 Examination
- Spend analysis is one of the key procurement processes that plays an important role in the success/failure of any organization’s strategic sourcing function. You are Head of Procurement for a Packaging organization with multiple branches, multiple IT systems, and decentralized procurement system in place. Explain how spend analysis will help your organization; what are the challenges you may face.
Ans 1.
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- Your organization M/s Good Seatings is struggling with high inventory issues from last one year. While excess inventory remains a major problem, the organization is also facing stockout of relevant items. M/s Good Seating is launching a new furniture product range; they are expecting to roll out in high volume in next coming year. You as Procurement Manager have been given responsibility to implement effective way to manage this inventory in order to ensure zero downtime and support upcoming launch. Explain how you will explore VMI, JIT, Stockless buying in your solution & why?
Ans 2.
- a. Explain RFx family of documents. What is a difference in application of these? Support your answer with examples.
Ans 3a.
- Describe two E-Sourcing tools and their use in procurement and supply
Ans 3b.