Butler System BUS 612 Advanced Project Procurement September 06‚ 2010 Introduction With the increased globalization‚ competition and complexity in global supply chains‚ more companies have realized that supply chain management is critical to the optimal organizations overall operation. It is not longer just the responsibility of the warehouse manager and logistics director. In the past‚ many organizations didn’t manage their supply chains they left that up to the suppliers. Usually
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Qn. Select procurement/ supply chain management function (department/unit) of any company/ organization you are familiar with. In the selected context‚ answer the following: a) What are the major objectives of the department/ unit in focus? Do you find these objectives aligned to organization’s strategic goals? Why or why not? b) Critically examine the organizational positioning of the department in terms of structure and power/ authority to influence strategic decision making c) Suggest any five
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African Journal of Business Management Vol. 6(10)‚ pp. 3583-3594‚ 14 March‚ 2012 Available online at http://www.academicjournals.org/AJBM DOI: 10.5897/AJBM10.978 ISSN 1993-8233 ©2012 Academic Journals Full Length Research Paper Factors influencing the selection of procurement systems in the South African construction industry Mathonsi‚ M. D. and Thwala‚ W. D. Department of Construction Management and Quantity Surveying‚ Faculty of Engineering and the Built Environment‚ University of
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OUTSOURCING PROCUREMENT IN THE NIGERIAN INFRASTRUCTURE CONSTRUCTION INDUSTRY: A POTENTIAL FOR INCREASING PERFORMANCE This research is not concerned about procurement in terms of project delivery‚ but procurement as a business function concerned with securing the inputs to the construction process. Some theories use different terms when describing the purchasing process and structure. However‚ it is assumed that the terms Supply Management‚ Purchasing and Procurement have similar meaning. Thus‚
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Ethics in Public Procurement 1. Introduction The purpose of this note is to provi de informat ion to assist public sector buy ers to conduct purchasing in a way that satisfies probit y and accountabilit y requirements and to offer a fr amework wit hin which con tracting authorities may wish to draw up more detailed int ernal procurement procedures relevant to their own activit ies. These guidelines do not purport to be a legal interpretation of th e relevant legislat
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Role of Procurement within an Organization: Procurement : A Tutorial 1 Published on: Jan‚ 26‚ 2011 by: Robert Handfield‚ PhD Role of Procurement within an Organization Overview Key Procurement Objectives: OBJECTIVE 1 – Support Operational Requirements OBJECTIVE 2 – Manage the Procurement Process and the Supply Base Efficiently and Effectively OBJECTIVE 3 – Develop Strong Relationships with Other Functional Groups OBJECTIVE 4 – Develop Integrated Purchasing Strategies That Support
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CHAPTER 1 – Purchasing and Supply Management The Financial Significance of Supply Management Profit-leverage effect – A decrease in purchasing expenditures directly increases profits before taxes (assuming no decrease in quality or purchasing total cost) Return-on-assets Effect – A high ROA indicates managerial prowess in generating profits with lower spending (caveat – ROA ratios vary from one industry to another) Inventory Turnover Effect – Increased inventory turnover indicates optimal utilization
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Supply Management? In addition‚ how has this strategic focus influenced the interaction & collaboration of Purchasing & Supply Mgt‚ with other departments of the organization (e. g. Finance‚ Legal‚ Human Resources‚ Marketing‚ Manufacturing‚ Logistics‚ Engineering & Quality) and with its external supplies and customers? The role of Strategic Focus has revolutionized the business world in every aspect including and not least important in the realm of Purchasing and Supply Management. The clerical
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LEGO also employees over 5000 people worldwide. E-Procurement “E-procurement is the incarnation of the buying-process where routine tasks (such as purchase requisition creation and approval‚ placing purchase orders‚ receiving products‚ processing invoices and paying invoices) get automated and tasks in the enterprise are redesigned”. LEGO group uses IBX software which provides scalable on-demand solutions for sourcing and procurement of raw materials paired with purchasing know how and managed
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