Procurement comprises of three main stages namely identification of need, supplier selection and acquisition. Consider a firm is supposed to buy two types of material A and B. Material A is the routine buying where material B is nominated as CAPEX oriented. (Marks-05)
• Identify the functional and innovative buying
• Role of Earlier supplier and supply involvement in each case
• For which case, the company can proceed with brand specific purchasing and why?
• Evaluate the benefits of hybrid buying structure for each case covering the benefits of both centralized and decentralized buying
• Establish which of the purchasing requires RFQ and RFP and why?

Answer rating: 100% (QA)

Step 1 innovation buying mostly depends on the requirement of those goods in market they are bought ... View the full answer