StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Procurement - Assignment Example

Comments (0) Cite this document
Summary
According to the policies and strategies of procurement and contracting, an organization operating in the segment of outdoor sports section, might try to offer effective products at a competitive price. This is done so as to enhance the level of reliability and brand image of…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.6% of users find it useful
Procurement
Read TextPreview

Extract of sample "Procurement"

Procurement According to the policies and strategies of procurement and contracting, an organization operating in the segment of outdoor sports section, might try to offer effective products at a competitive price. This is done so as to enhance the level of reliability and brand image of the organization within the minds of its target customers thereby amplifying its scope of success. Moreover, the total number of products might also be delivered within a stipulated time –period so as to enhance its reputation and portfolio in the market among other suppliers. Therefore, the outdoor sports stores REI might try to use certain strategies at the time of selecting the sources of supply, suppliers, market place and competition.
Sources of supply: in order to satisfy the changing needs of the individual, maximum extent of the entrepreneurs of outdoor sport stores REI try to offer best products. Only then, the level of satisfaction rate of the customers might get enhanced thereby amplifying the rate of dominance in the market. However, in order to do so, the entrepreneurs desire to analyze the psychology and perception of the customers through vivid market research and competitor orientation policy. After doing so, the sources of supply are determined by the entrepreneurs of outdoor sports stores REI’s, in order to attract a wide range of customers towards it and to retain them for longer period of time among others (Drummond & Ensor, 2006).
Not only this, by market research and customer orientation, the risk of switch over costs might be reduced that may prove extremely effective for the organization in the market among other rival players.
Suppliers- as per contracting policy, the suppliers might be selected after signing the document of placing the orders exactly in time and also with exact materials. If the specified time period gets delayed then, the entire order of products might get cancelled along with the contractual document as well. Then, the suppliers may not be offered any sort of orders that might hamper the entire productivity and profitability of the organization. So, the suppliers are selected extremely consciously in order to retain them for longer period of time (Christensen, 2003).
Market places- the market places are selected on the basis of the geographical distribution of the area. This is because, if the range of buyers is high, then the rate of sale might also be increased thereby amplifying its total profit margin as well. Similarly, if numerous mass markets, super markets or hyper markets are present in the region then also, it might prove effective for the organization selling outdoor sports materials. This is because; at the time of purchase decisions, the family members might get involved that may enhance the level of sale and profit margin. This might help in enhancing the demand of the products thereby amplifying its image and reputation in the market among others (Bradley, 2007).
Competition- in order to enhance the rate of competition, the entrepreneur of outdoor sports store REI might try to offer exclusive designs and innovative features within its products. Only then, the customers might get fascinated towards the brand thereby enhancing its popularity in the market among others rival players.
References
Bradley, N. (2007). Marketing Research: Tools & Techniques. New York: McGraw-Hill.
Christensen, C. (2003). The Innovator’s Solutíon, Creating and Sustaining Successful Growth. Boston: Harvard Business School Press.
Drummond, G. & Ensor, J. (2006). Introduction to Marketing Concepts. New York: Cengage Learning. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Procurement Assignment Example | Topics and Well Written Essays - 500 words - 1”, n.d.)
Procurement Assignment Example | Topics and Well Written Essays - 500 words - 1. Retrieved from https://studentshare.org/management/1627811-procurement
(Procurement Assignment Example | Topics and Well Written Essays - 500 Words - 1)
Procurement Assignment Example | Topics and Well Written Essays - 500 Words - 1. https://studentshare.org/management/1627811-procurement.
“Procurement Assignment Example | Topics and Well Written Essays - 500 Words - 1”, n.d. https://studentshare.org/management/1627811-procurement.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Procurement

Procurement

...? Procurement work 10/15 Executive Summary The Principal of Heriot Watts is contemplating of build a new auditorium, with 200 seats, high specification multimedia theatre with air conditioning and comfortable tiered seating that can provide excellent visibility. The auditorium will feature a full size interactive screen and computer driven presentation facilities perfect for conference, lectures and presentations. In response to the requirements; the following report was organized for consideration by the Principal. This report demonstrates a strategic approach to procurement while differentiating the proposed approach against the other procurement routes. This report covers the potential...
10 Pages(2500 words)Coursework

E-Procurement

...?Ans e-Procurement is an electronic method for selling and/or purchasing goods. It includes the entire transaction process beginning from procurement and ends with the supplier’s invoice and payments. e-Procurement can take place business-to-business (B2B), business-to-consumer (B2C) or business-to-Government (B2G). The transactions are done with an ERP software package such as SAP AG or Oracle having a separate module for supplier management. Ans# 2: e-Procurement steps followed by SIEMEMS – a German multinational Company, which uses SAP AG: 1) Based on the project requirements, the Engg. Deptt. prepares a “Components List” 2) The components list is then forwarded to the...
3 Pages(750 words)Assignment

E-Procurement

...?Running Head: Literature Review on E-Procurement Literature Review on E-Procurement [Institute’s Literature Review on E-Procurement The internet has brought a rebellion in corporate purchasing practices. It is a major bringer of important productivity enhancements in several businesses (Ageshin, pp.48-53, 2001). The organizations presenting themselves as e-procurement providers, mainly position their companies as producers of cost-saving technologies for the manufacturers consuming economy’s biggest share of material input. The competences in purchasing these inputs often decide the overall output produced by the manufacturers (Neef, pp.31-40 2001). Usual methods of...
7 Pages(1750 words)Literature review

Contracts & Procurement

...Contracts & Procurement Table of Content Serial Number and Heading Page Number 0 Overview 02 2.0 Introduction 03 3.0 Planning 04 3.1 Partnership Contract 05 3.2 Estimation 07 3.3 Commercial Management 08 4.0 Execution 09 5.0 Conclusion 11 6.0 References 12 1.0 Overview Whitegates hotel and country club development is a proposal put forward by Heriot developments. This property is to come up on the existing 35 acre land on the periphery of the town. Bad governance by the Watt family (who owned this property), brought about their down fall. In order to sustain themselves, the family sold this property to a consortium of businessmen for an undisclosed payment....
10 Pages(2500 words)Essay

Procurement Policy

... worth $500 million a year. The end result of this engagement was that Merck sold 50 percent of its shares in the new corporation to Astra (Ghauri, 2001, p. 40). In so doing, consumers are able to acquire life-saving and life-altering pharmaceuticals in a timely manner. At the heart of this alliance is the notion that in order to effectively and efficiently manage a business such as Merck, there is a need for strategic supply management. In recent years Merck has embodied a strong shift from a predominantly domestic supply management strategy to one which has entailed global management strategies. This strategy operates under the assumption that procurement policy is central to the success of the company. This strategy can... be...
3 Pages(750 words)Case Study

Capital Punishment

50 Pages(12500 words)Essay

Procurement Plan

...Running Head: Procurement Plan Procurement Plan [Name] [University] Procurement Plan Project Management, as a whole is process which comprises of different components together to form a collective project management cycle. Typically, there are always two approaches to the project management. One approach is that of project management cycle whereas another is project life cycle. Project life cycle deals with completion of the project by performing and completing certain activities. Procurement is one such activity which is one of...
7 Pages(1750 words)Essay

Procurement route

...POSSIBLE PROCUREMENT ROUTES There are a number of ways in which the process of procurement may be initiated within the context of a construction project. Numerically, there are three different types of procurements namely: The traditional procurement approach. The Design & Build approach. The Management approach (CE, 2004),. When it comes to the comparison of each of them for their inherent advantages & disadvantages, it needs to be emphasized that the comparison needs to take into consideration the fact that the process of procurement itself encompasses a number of stages, within which each of the available procurement approached may be compared. The various processes involved under the procurement process are as listed below... ...
6 Pages(1500 words)Essay

Procurement process_3

...Procurement Process_3 Question In relation to the article ‘Be a Global Risk Manager’ by Eric Krell, the risks that are associated with the deployment of employees can be apparently observed. In order to determine the methods for planning risks that might be used to solve or mitigate the above discussed risks, professionals are required to adopt mobility in their respective approaches and operations. The professionals in this regard ought to follow certain decisive steps in order to manage the risks associated with employees’ deployment and varying business setting. Moreover, the professionals require constantly monitoring the employees with the aim of ensuring employees’ safety, developing immigration laws and employment tax based...
2 Pages(500 words)Essay

Paraphrase

4 Pages(1000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Procurement for FREE!

Contact Us