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Procurement Management
September
2023 Examination
1. Explain various steps in the procurement cycle
with examples.
Ans:
Introduction:
The
procurement cycle refers to the activities concerned with acquiring items or
services from external assets. It encompasses numerous levels, from determining
the want for services or products to the final payment and evaluation of the
procurement method. This cycle is essential in ensuring organizations obtain
the necessary resources efficiently, value-effectively, and follow applicable
regulations. In this essay, we will explore the different steps in the
procurement cycle and offer examples to demonstrate their practical
application.
Concept and Application:
1.
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2. Discuss the various supplier evaluation criteria
with appropriate examples.
Ans:
Introduction:
In
today's global business landscape, organizations rely heavily on external
providers to provide the essential items and services to satisfy their operational
wishes. The fulfillment and efficiency of a company's delivery chain depend
significantly on the selection and evaluation of suppliers. Provider assessment
is a critical process that involves assessing and comparing suppliers based on
numerous criteria to ensure they meet the company's requirements and align with
its strategic desires.
Supplier
evaluation aims to identify and partner with providers who constantly supply high-quality
products or services, meet transport schedules, offer value-effective
solutions, and exhibit
3. Consider India is procuring fighter air craft
from France. While procuring this aircraft India expects to get some part of
technical knowhow to be transferred from France.
a. Explain various challenges involved in technology
acquisition.
Ans:
Introduction:
Technology
acquisition is crucial in growing and advancing a nation's defense
capabilities. While a country, including India, procures a fighter plane from
another country like France, it frequently seeks to obtain a switch of
technical know-how. This switch enables
the recipient state to beautify its indigenous defense production talents,
reduce reliance on overseas suppliers,
b. Explain the process of technology acquisition.
Ans:
Introduction:
Technology
acquisition refers to the procedure by which a country or organization obtains
access to foreign technological information, information, and capabilities. It
entails transferring or acquiring technology from one entity to another in a
diverse manner, together with licensing agreements, joint ventures, research
collaborations, or direct purchases. In the case of India
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