Assignment: Analyzing Procurement Strategies

Objective: To assess understanding and application of procurement concepts learned in class.

Instructions:

Select a Company: Choose a company of your choice $($or one assigned by the instructor$)$ and thoroughly research its procurement strategies and practices.

Analysis of Procurement Processes:

$$ Describe the procurement processes within the company. Focus on aspects covered in the chapters taught: Introduction to Procurement, Organizational Issues, Portfolio of Relationships, Purchasing Descriptions and Specifications, Outsourcing, and Sourcing.

Evaluate how the company manages its relationships within its supply chain. Discuss the various types of relationships $($e$.$g$.,$ supplier relationships, outsourcing partners$)$ and their impact on the company's operations.

Critical Assessment:

$$ Analyze the strengths and weaknesses of the procurement strategies employed by the company. Use the concepts from the chapters to support your assessment.

$$ Identify any potential areas for improvement in the procurement processes. Suggest recommendations based on the knowledge gained from the course materials.

Case Study Approach:

Select one specific procurement$-$related case or challenge the company has faced in recent years. Discuss this case in detail, including how the company addressed or could have addressed the issue using the principles learned in class.

Submission Guidelines:

The assignment can be submitted as a written report of $5$ pages, a PowerPoint presentation of $5-10$ slides.

Evaluation Criteria:

Understanding and application of procurement concepts.

Clarity and coherence of the presentation$/$report$.$

Use of relevant examples and data to support arguments.