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Procurement Management
June 2021 Examination
1.
Explain Procure to pay cycle with
example for an Automobile spare part industry that is using SAP ERP. Also
explain roles and responsibility of Procurement Manager within same example?
Answer 1.
Introduction
The automobile industry is also highly reliant
on production processes and supply chains. Think of it: thousands of pieces and
components made of a car, motorcycle, truck or tractor, and no car manufacturer
can produce everything in-house, so it requires procurement to pay to keep up
with details. Procure to pay is when goods and services are requested,
purchased, received, paid for, and accounted for. It originally comes from the
ordered procurement sequence and financing decisions, which begins with
2.
Procurement the buyer in textile
industry M/s Weave; your management has given you responsibility to procure a
critical capex. Using Total cost of ownership analyze your decision. What all
cost is involved in the same? Explain in detail considering all phases and
lifecycle of product and how it will affect your procurement decision. (10
Marks)
Answer 2.
Introduction
Total ownership costs (TCO) is an analysis
that determines the entire lifecycle of the purchase of capital by one
individual value.
Each ownership phase includes this value:
Acquisition, Operation, and softer management costs of change. The Acquisition
flows like documentation and training. A dedicated capital-procurement strategy
considers the specifics of the supply market, the company’s capabilities, and
the requirements for the successful delivery of capital projects.
3. You are buyer in one of the key real estate organization M/s Brick
Developers Pvt ltd.
a. You have been given to manage Inventory Management is one of the
key activity which requires daily monitoring. Explain how vendor managed
inventory can help your organization? How does it vary compared to stock less
buying?
Answer 3a.
Introduction
A vendor-managed inventory resolution links
the entire supply chain, efficiently giving the direct business discernibility
into the retailer’s sales data at the other end of the chain. With actual
customer sales data, manufacturers can more accurately predict how much product
to manufacture. Some of the most comprehensive companies, from Wal-Mart to
Bosch, use vendor-managed inventory to
b. Your CPO has asked you to help him to write down requirement to
keep in mind for new supplier registration process? What are parameters you
will check before on boarding the supplier?
Answer 3b.
Introduction
It can be challenging to navigate new supplier
relationships. There is a risk of losing valuable business and
compromising profit margins if you don’t have a consistent system to onboard
and establish those partnerships. On boarding the suppliers before
they begin working together allows both parties to get off to a good
start.
Concept and Application
The Requirement to keep in mind for the new
supplier registration process are new supplier requests should include complete
supplier contact information. VPF will contact suppliers directly for missing
forms or other information. If, after five business days, the supplier does not
respond to VPF’s request, it will be returned the requisition to the requester
for direct follow-up with the supplier.
Dear students, get latest Solved NMIMS assignments and
case study help by professionals.
Mail us at : help.mbaassignments@gmail.com
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