Procurement and Sourcing: Contribution to Supply Chain Management

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Project Report On

PROCUREMENT AND SOURCING:
Contribution to the supply chain

Submitted By

Zohaib Rauf (Reg. :MBA -13409) Hasnain Haider (Reg. :MBA -5871) Supervisor Dr.

Masood

JANUARY 20, 2009

For the subject:

Supply Chain Management
Class ID: 5055 Timings: Monday / Thursday 3-6 pm 1|P a ge

Letter of Transmittal

July 8th, 2009

Dr. Masood, Project Supervisor, Iqra University

Dear Sir:

We are submitting our report on “Procurement and sourcing: contribution to the supply chain management”. As per your advice, the report includes brief understanding of the subject in light to what is being presented by us. I am grateful for your guidance and supervision without which this report could have not been completed.

Yours Sincerely,

Zohaib Rauf

(Reg. No.13409)

Hasnain Haider (Reg. No.5871)

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Acknowledgement

First of all we would thank Almighty ALLAH for guiding me to the safe completion of this task.

We would acknowledge my supervisor and class teacher Dr. Masood who helped us out a lot through the various stages of this project. He was always willing to fill in the gaps in our knowledge about supply chain management with practical examples.

We are also thankful to our parents who accommodated us during those long hours of work in our project development and all the friends and colleagues who equally encouraged us.

We would like to thank to all the persons who has helped us in the completion of this task including the faculty members of the Executive Development Centre, IU, for being there with support and encouragement whenever and wherever required.

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Table of Contents
Letter of Transmittal .......................................................................................................................... 2 Acknowledgement............................................................................................................................. 3 Executive Summary ........................................................................................................................... 5 1.0 PROCUREMENT ........................................................................................................................... 6 1.0.1 Formal definitions:.................................................................................................................... 6 1.0.2 Role of purchasing in the Value chain: ................................................................................... 7 1.1 OVERVIEW ................................................................................................................................... 7 1.2 PROCUREMENT SYSTEMS ............................................................................................................ 8 1.3 PROCUREMENT PERSPECTIVES .................................................................................................... 8 1.3.1 Continuous supply: ............................................................................................................... 8 1.3.2 Minimizing Inventory Investment: ......................................................................................... 8 1.3.3 Quality Improvement: ........................................................................................................... 9 1.3.4 Supplier Development: ......................................................................................................... 9 1.3.5 LOWEST TOTAL COST OF OWNERSHIP: .................................................................................. 9 1.4 PROCUREMENT STRATEGIES ...................................................................................................... 10 1.4.1 Volume consolidation ......................................................................................................... 11 1.4.2 Supplier operational orientation:...
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