Preview

Proc 5000

Satisfactory Essays
Open Document
Open Document
262 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Proc 5000
1. Based on your own research on industrial/commercial and government purchasing, what are those elements that you consider to be unique to each?

The difference is the two is the government has certain authority and rights that commercial enterprises do not have in my opinion. The government is not in the business in making a profit. There are certain price limits set by the government that can not be exceeded majority of the times when making purchases. In Federal Government contracting, specific regulatory authority is required for the Government's agent to enter into the contract, and that agent's bargaining authority is strictly controlled by statutes and regulations reflecting National policy choices and prudential limitations on the right of Federal employees to obligate Federal funds.
Commercial purchases on the other hand , is mainly guided by profit motivations. Each commercial/private vendor represents itself and can obligate their purchases in its own manner.

2. What are the skill sets that a purchasing and supply management professional should possess or acquire to be successful in the exercise of the purchasing functions with commercial or Governmental organizations?

The skill set that a purchasing, and supply management professional, should possess or acquire successful is, relationship/team building skills. The ability to deal with a client /vendor or manufacture and come to terms and or agreement, that will benefit both parties. I also think you should have some prior experience 2-4 years in purchasing or supply management . Lastly, holding a degree in business management, contract services or acquisition management should also be a necessary

You May Also Find These Documents Helpful

  • Satisfactory Essays

    CLC 004

    • 295 Words
    • 2 Pages

    FAR Part 11 Describing Agency Needs FAR Part 12 Acquisition of Commercial Items FAR Part 37 Service Contracting Increased Participation Another factor that has made market research more important is the need for DOD contracting personnel to use commercial methods to attract potential suppliers that have not traditionally participated in the government acquisition arena. Ways to better leverage private-sector capabilities and encourage participation include: Best value competitions Performance-based work scopes Incentive-based contract arrangements In an effort to increase participation, DOD contracting personnel are expected to involve and encourage end users to participate in the products and services acquisition planning…

    • 295 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    2. What are the types of knowledge, skills, and abilities that are needed to successfully accomplish the job responsibilities?…

    • 993 Words
    • 4 Pages
    Good Essays
  • Good Essays

    ECON 420 Final Exam Review

    • 4464 Words
    • 18 Pages

    2. There is no such thing as a commodity. Define yourself broadly and in terms of your customer…

    • 4464 Words
    • 18 Pages
    Good Essays
  • Good Essays

    Proc 5850

    • 1793 Words
    • 6 Pages

    a). E-Commerce and Internet: E-Commerce and Internet have come a long way since their inception. Customers have the option of, making the orders online at any point in time. There are specific shop timings to affect the sales of the product but this does not apply after the inception of E-Commerce. Added to this; most of the internet applications today are so effective that they can actually be integrated with the existing databases to provide sales and customer demand information at different stages of the supply chain. This advancement in technology definitely helps in alleviating the bullwhip effect since the upstream stages of the supply chain can plan and have an idea of the changes in customer demand for a product. All the stages in the supply chain can make effective and efficient decisions, to involve in similar inventory polices and planning activities so that the whole supply chain can be optimized (Global Optimization) rather than any sequence (i.e. Sequential Optimization). Thus E-Commerce and Internet definitely adds value in increasing the vital information to control inventory, production, lead-times etc.…

    • 1793 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    The overall objective of this chapter is to give the reader a sense of the importance of purchasing and the supply chain and how they fit in to and impacts the business environment.…

    • 1313 Words
    • 6 Pages
    Satisfactory Essays
  • Good Essays

    Best Buy Case

    • 465 Words
    • 2 Pages

    3. Describe the six components of Best Buy’s retailing mix. Is there anything you would change? Explain.…

    • 465 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    2. Which of the following is NOT one of the broad factors manufacturers must consider when establishing a strategy for getting their products into the hands of the ultimate customer?…

    • 2546 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    Hrm/300 Week 4

    • 595 Words
    • 3 Pages

    2. What are the types of knowledge, skills, and abilities that are needed to successfully accomplish the job responsibilities?…

    • 595 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    According to Monczka, what is the correlation between the amount of materials and components that a company outsources, and the relative impact that supplier quality has on the overall quality of that company’s final product?…

    • 299 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    5. Discuss the pros and cons of the major supplier evaluation processes. What would lead you to choose one of them (what situational characteristics)?…

    • 289 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Ifsm 301

    • 969 Words
    • 4 Pages

    SCM would offer the Galleries the chance to do more than on-demand ordering of supplies. It would also allow each gallery to see what frames are in stock and what prices they are selling for from the supplier. With an Enterprise SCM system it would allow for each gallery to consolidate the order with the other galleries and cut down on purchase cost. It can also track stock trends to determine what is selling best and allow the stores to keep a few of these frames in stock to purchase in a larger quantity at one time cutting down on shipping costs…

    • 969 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    PROC 5000 Midterm Prep

    • 8978 Words
    • 30 Pages

    Development of specifications and a standardization program (40, 90, 119, 132, 133, 134, 136, 137, 138)…

    • 8978 Words
    • 30 Pages
    Powerful Essays
  • Good Essays

    * Governments: The government wants businesses to become successful, to create jobs and pay taxes. They want to see businesses to look after the welfare of society.…

    • 933 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Business Buying Center

    • 353 Words
    • 2 Pages

    In a business setting, major purchases typically require input from various parts of the organization, including finance, accounting, purchasing, information technology management, and senior management. Highly technical purchases, such as information systems or production equipment, also require the expertise of technical specialists. In some cases the buying center is an informal ad hoc group, but in other cases, it is a formally sanctioned group with specific mandates, criteria, and procedures. The employees that constitute the buying center will vary depending on the item being purchased.…

    • 353 Words
    • 2 Pages
    Good Essays
  • Better Essays

    PROC 5000 FINAL EXAM

    • 3382 Words
    • 12 Pages

    1. Within the context of Supply Management, how would you prepare for issuance of an RFP or IFB for the acquisition of a major piece of capital equipment (e.g., client/server hardware), and how would you evaluate the responses to your RFP or IFB? Include in your response the various factors involved in the preparation and evaluation process, including the use of cross-functional teams, performance of TCO and cost analyses, assessment of relevant risks (e.g., contractual, technical, operational).…

    • 3382 Words
    • 12 Pages
    Better Essays