Question
Procurement comprises of three main stages namely identification of need, supplier selection and acquisition. Consider a firm is supposed to buy two types of material
Procurement comprises of three main stages namely identification of need, supplier selection and acquisition. Consider a firm is supposed to buy two types of material A and B. Material A is the routine buying where material B is nominated as CAPEX oriented. (Marks-05)
• Identify the functional and innovative buying
• Role of Earlier supplier and supply involvement in each case
• For which case, the company can proceed with brand specific purchasing and why?
• Evaluate the benefits of hybrid buying structure for each case covering the benefits of both centralized and decentralized buying
• Establish which of the purchasing requires RFQ and RFP and why?
Step by Step Solution
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Step: 1
Step 1 innovation buying mostly depends on the requirement of those goods in market they are bought ...
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
