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.
Nobody downloaded yet

Commercial and procurement: selection of suppliers - Essay Example

Comments (0)
MSc Project Management Commercial and Procurement Selecting the Suppliers ID: 90077 Executive Summary: Suppliers play a vital role in success of any project. Porter’s five forces model also endorses the impact of bargaining power of suppliers. Therefore, selecting and handling suppliers is deemed as a critical part of any project…
Download full paper
Commercial and procurement: selection of suppliers
Read TextPreview

Extract of sample
Commercial and procurement: selection of suppliers

Download file to see previous pages... Having done the reviews, considered the more subtle differences among the criteria and then developed a table containing all key criteria for selecting the suppliers The selection of the four projects was aimed to analyze the application of various criteria and consequently check the effectiveness of results in each case. Last but not least it was found that a developing a proper strategy in connection of selecting the suppliers is equally important to building any other business strategy. I conclude by referring to one the diversification strategies – i.e. “Vertical Integration” introduced by Igor Ansoff. The vertical integration refers to either becoming your own supplier or become a distributor. It shows that sometimes suppliers become so problematic for a firm that it has to take such a turnaround strategy for buying a supplier. Introduction: In this competitive global market, every organization desires to accomplish its projects successfully. To ensure timely and successfully completion of a project, firms need to analyze all possible pros & cons and then opt for the best solution – right from procurement to production of finished goods. It is a myth that in manufacturing supply chain management is not only the lifeline of any project but also decides a success or failure thereof.. Selection of suppliers, being a part of supply chain management, involves many criteria that govern the selection of suppliers. These criteria include quality of raw material, lead time required by the supplier, cost of raw material, delivery time, resources/ability for delivery, supplier’s reputation, etc. etc.. This paper intends to discuss these supplier selection criteria by analyzing the practical projects. The four different projects chosen include production of electronic products, construction of a retail outlet, manufacturing glass containers and construction of residential buildings. The criteria for selection of suppliers followed by these projects include quality of raw material, delivery time, cost of material and supplier’s reputation, respectively. Having analyzed these criteria, a comparison has been presented along with critiques and finally identified the best method to be opted for selecting the suppliers. Literature Review: Every business, in one way or other, is impacted due to stiff competition, increased globalization and unabated technological advancements. In such a prevailing hyper-competition, effective supply chain management has become not only important but also become a core of corporate strategy. Coyle, Bardi and Langey (2003) pointed out that in order to cope-up with such a crucial business trends, it has become mandatory for logistic managers to concentrate more on suppliers’ capabilities, conceptualizing, designing, and implementing the supply process. Traditionally, only a few criteria used to be followed in a supplier’s selection – i.e. material cost, delivery time and quality of goods (Smith et al. 1963). However, as & how competition kept on increasing and consumers’ demand & taste kept on changing, organizations realized more critical review and further inclusion of criteria in a supplier’ ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
Supplier Selection and Business Process Improvement
Resources that are precious, rare, hard to duplicate, and can be exploited by the organization can create continued competitive advantage and earn over standard economic performance. Many management specialists propose that companies that learn to expand their organizational supply chain management will have a competitive advantage.
14 Pages(3500 words)Essay
Commercial Work
Such agreements are not characteristically enforceable at all, as they state intents and not binding commitments. Normally, contracting in buyer/supplier correlation focuses upon the stipulation of goods and services, i.e. allocative contracts. One could see the whole system for the public condition of goods and services as a nexus of real contracts, running from top politicians through managers to service providers, right through all types of public organizations playing a role in the terms of goods and services.
12 Pages(3000 words)Essay
Socially Responsible Procurement Programme
The procurement managers are struggling hard to do right things for the society like protecting the environment, conserving resources, treating people fairly etc. as they are struggling hard to do right thing for their business like improving performance, increasing efficiency and lowering cost.
9 Pages(2250 words)Essay
Examination of benefits of using IT Software in value added elements in supplier procurement
ture review was done on Virtual Value Networks, Value models in procurement context and literature on assessment of value of e-procurement At its most basic, study found that e-procurement is coming more and more to mean automating the whole purchasing process than just selling
24 Pages(6000 words)Essay
Public Procurement Law: Critically examine the approach of the World Bank to the following issues, in the context of procurement financed by World Bank funds th
(Westring, 1991). However, the question of corruption in the awarding of contracts has been an issue that the World Bank is increasingly confronted with and its position on this issue has gradually become a more open one, where efforts are being made to identify and take
15 Pages(3750 words)Essay
An invertigation of influence of procurement methid in construction industry in Hong Kong
From the survey of 50 construction professionals, there were 4 most influential criteria which are quality, cost, time and risk. Moreover, size of the company is significantly and
54 Pages(13500 words)Essay
Metal Suppliers
As the discussion highlights Shanghai Steel agrees to pay Metal Suppliers for the shipment of scrap metal prior to the scrap metal being loaded on the ship to be shipped to Shanghai, China. This agreement is signed on the 21st day of May 1996. The agreement is signed at the offices of Metal Suppliers in Washington, D.C.
3 Pages(750 words)Essay
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.
2 Pages(500 words)Assignment
Thus public bodies and corporations use this process so as to promote fair and open competition so as to minimize the exposure to collusion and fraud. This report will take a look at the procurement process of an advertisement by Nike through the bidding
3 Pages(750 words)Essay
Gig City Harbor
It is also in the public interest to use Tendering since it is quite competitive and allows a public solicitation through advertisement. Tenders shall therefore be invited for the supply of the aforementioned goods. The tendering shall be open to
2 Pages(500 words)Essay
Let us find you another Essay on topic Commercial and procurement: selection of suppliers for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us