Textbook and Materials This is a Supply Chain management (SCM) questions pertaining to procurement

Text Title: Purchasing and Supply Chain Management, Benton, 4th Edition. Publisher: SAGE Publications, Inc. ISBN: 978-1071804759

Question 1

What are the advantages and disadvantages of Decentralized, Hybrid and Centralized purchasing systems?

Question 2

Outsourcing is used by procurement leaders to expand their capabilities and engage specialists. However, approximately 62% of companies experienced unforeseen expenses or hidden costs when outsourcing (Handley & Benton, 2013. List and describe five hidden costs of outsourcing.

Question 3

Sometimes leaders in procurement departments have to make large equipment or property acquisition at a significant cost to the company. List the 10 steps in the Equipment Acquisition Process.

Question 4

There are seven (7) sources of price information.

A. List the seven sources.

B. Choose the one that, in your opinion, is the most important.

C. Why is it the most important?

Question 5

The integrated buying model is used when buyer faces multiple goals in making the buying decision.

A. What are the three goals ?

B. What costs are taken into consideration?