Procurement process in small or Micro Enterprises.
Project Management & Global Sourcing
[Assignment 1]
Procurement Process in Small or Micro Enterprise
TABLE OF CONTENTS PAGE
1. INTRODUCTION…………………………………………………………………… 3
2. BRIEF DESCRIPTION OF ORGANISATIONS ………………………………… 4
3. POSITION OF ORGANISATIONS AND TWO MAJOR PRODUCTS………… 5
4. PROCURE TO PAY PROCESS………………………………………………….. 6 - 7
5. SUPPLIER IDENTIFICATION AND SELECTION………………………………. 8 - 10
6. STRESS TESTING AND RISKS MITIGATION APPROACHES……………… 11 -16
7. CONCLUSION……………………………………………………………………… 17
8. REFERENCES……………………………………………………………………… 18
9. APPENDIX………………………………………………………………………….. 19
10. PROCEEDINGS OF GROUP MEETINGS …………………………...………… 20 - 22
1. INTRODUCTION
This assignment entails the information of procurement processes and the comparison of three different organizations that we have chosen – the Minimart, Online shop and Pet item industries. Although they are all micro organisations and retailers in the supply chain, they encompass individual requirements and selection criteria of their procurement processes. In this assignment, we will identify what are the similarities and differences in their Procurement-to-Pay process, their ‘What if” risk factors and the mitigation approach in overcoming the risks.
2. BRIEF DESCRIPTION OF ORGANISATIONS
The three micro organisations selected are namely the Mini-mart, Online Apparel Shop and the Pet Shop.
Firstly, the mini-mart act as a “convenient store” located around housing estates. It takes advantage of the proximity and locality and targets the morning rush hour crowd such as the students and working adults. The mini-mart offers products like canned food, drinks, tidbits, newspapers, ready-to-go foods like packed rice, finger food and desserts. As the mini-mart deals with highly perishable goods, the procurement procedure will be special to the industry, as they have limited shelf lives.
Next, a recent trend in
[Assignment 1]
Procurement Process in Small or Micro Enterprise
TABLE OF CONTENTS PAGE
1. INTRODUCTION…………………………………………………………………… 3
2. BRIEF DESCRIPTION OF ORGANISATIONS ………………………………… 4
3. POSITION OF ORGANISATIONS AND TWO MAJOR PRODUCTS………… 5
4. PROCURE TO PAY PROCESS………………………………………………….. 6 - 7
5. SUPPLIER IDENTIFICATION AND SELECTION………………………………. 8 - 10
6. STRESS TESTING AND RISKS MITIGATION APPROACHES……………… 11 -16
7. CONCLUSION……………………………………………………………………… 17
8. REFERENCES……………………………………………………………………… 18
9. APPENDIX………………………………………………………………………….. 19
10. PROCEEDINGS OF GROUP MEETINGS …………………………...………… 20 - 22
1. INTRODUCTION
This assignment entails the information of procurement processes and the comparison of three different organizations that we have chosen – the Minimart, Online shop and Pet item industries. Although they are all micro organisations and retailers in the supply chain, they encompass individual requirements and selection criteria of their procurement processes. In this assignment, we will identify what are the similarities and differences in their Procurement-to-Pay process, their ‘What if” risk factors and the mitigation approach in overcoming the risks.
2. BRIEF DESCRIPTION OF ORGANISATIONS
The three micro organisations selected are namely the Mini-mart, Online Apparel Shop and the Pet Shop.
Firstly, the mini-mart act as a “convenient store” located around housing estates. It takes advantage of the proximity and locality and targets the morning rush hour crowd such as the students and working adults. The mini-mart offers products like canned food, drinks, tidbits, newspapers, ready-to-go foods like packed rice, finger food and desserts. As the mini-mart deals with highly perishable goods, the procurement procedure will be special to the industry, as they have limited shelf lives.
Next, a recent trend in