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Management Assessment - Essay Example

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Management Assessment Table of Contents Table of Contents 2 Circumvent of Purchasing Procedure 3 Risks or Ethical Problems 6 Aspects of Purchase 7 Departments that Would be of Assistance to Purchase Executive or Manager i.e Rose Silver 9 Business Expertise In The Role Of Buyer 10 References 12 Circumvent of Purchasing Procedure The activity of acquiring goods or services to achieve the demands of an individual or that of an association for a specified price is referred as purchasing…
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Download file to see previous pages Thus, it can be said that purchasing is one of the most important decisions which needs prior assessment of various things. It is also known as buying cycle. The purchasing or buying cycle consists of five major steps (Weele, 2009). These are stated below: Purchasing cycle Source: (Weele, 2009). The first level is the need/problem recognition or identification level. This is the primary stage where an individual buyer recognizes the need or problem. After an individual realizes a need or problem then only he/she starts searching for the solution/product. The second stage is to determine alternatives or to gather information about the product or solution. Thus, after completion of searching the alternatives, next comes the assessment stage. In this step, the various alternatives are assessed carefully in order to reduce risk and maximize profitability. Subsequently, the decision making part takes place which means whether to purchase the particular product or not. This can occur only when the individual is evidently convinced about the benefits of the product. Finally, appears the post purchase evaluation stage. This is the last stage which deals with the satisfaction level of the customer after purchasing the product. Moreover, the process of purchasing also includes certain other facts into consideration. The requirement of total cost is one of the essential components which need to be accessed before purchasing. Furthermore, the selection of supplier is also evident, prior to buying as well as to search for other alternatives in order to acquire the product in reduced cost (Weele, 2009). Conclusively, it can be stated that the decision of purchasing a product needs cautious review of various aspects associated with it. According to the case study, it can be stated that Dr. Spiller is surely escaping the normal purchasing procedures. As he is the head of the radiology department, so he tries to circumvent the general procedure of asking the purchasing manager before finalizing the deal for purchase. He finalized the pact of purchasing a high intensity x-ray processor of worth $21.700 from a supplier of his choice, without searching for other alternative suppliers with a reduced cost price. Moreover, assessment of total cost, quality and the underlying benefits of the product are also avoided by him. He has himself justified the selection of the purchasing suppliers saying that they are the provider of best quality material and the same is needed by him for the betterment in the medical treatment procedure. However, as there was a purchasing department present therefore it should be provided with adequate opportunity to verify the quality and price of the stated supplier and run through the proper purchasing cycle. The purchasing department can provide suggestions to verify a certain supplier for a product in this case, the product being costly as well as important. The role of Dr. Spiller is not justified in his method of taking the entire decision by himself and asking the purchase department just to make the order materialise. Thus, it can be stated ...Download file to see next pagesRead More
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