Omgt2225 Procurement Management And Assessment Answer
Does the company do any market research so that it can stay ahead of the game from its competitors? (Surveys, focus groups etc) Why/why not?
Does the org do spot-buying (small purchases made immediately) or strategic sourcing (long term commitment to regular purchases)? Why?
What are the factors to consider when clarifying needs internally with your procurement department/manager? (Market Grade, Brand, Specification, Performance, Prototypes?) Why?
What are the factors that trigger requisition? (Forecast, Customer Orders, Re-order Points, Stock Checks?) Why?
Does the org adhere to the market standards or specifications asked by the customer? Why?
Is having established brands important to the org (reputation, quality, exclusiveness) and why? (High/low cost-profit margin?)
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