Question:
Practitioner Corporate Award
Assessment One
There are two questions which are compulsory for this assessment.
Module: Driving Value through Procurement and Supply
Question 1: 50% of the total marks
Tasks
Compose a report that is to be considered by your Board of Directors, which evaluates:
(a) The opportunities for the procurement and supply function to create savings or efficiencies or other
sources of added value
(b) How the profile of the function can be improved
(c) How collaboration can be created with stakeholders to increase early engagement in the procurement
process
(d) The need for organisational policies and procedures to implement effective procurement and supply
Solution/Answer:
Introduction
Dolphin Energy is unique compared to other natural gas companies because it involves all three main stages of the production chain, which are the upstream, midstream, and downstream. The focus of this paper is to discuss the roles of procurement and supply, and the applicable techniques in managing a certain area of expenditure improvement. It also tackles the future inclusions in the contracts of Dolphin Energy, measures to take in choosing their suppliers, and other aspects that need purchase/supply negotiation.
Procurement is a difficult process to define, manage, and understand at times. To properly management the process, it needs to be understood; to understand the process, there needs to be a definition (Novack and Simco, 1991). There have been a developing consensus for the past years on the proper way to define competence in procurement and supply management. According to Cox (2001), this competence can be labelled as integrated supply chain management (ISCM). It is mandatory that companies have to serve the needs of the stakeholders by giving an assurance that their expectations and needs are met. Managing the project calls for enthusiasm and commitment given by stakeholder energy sources in an energy grid that can lead to a positive or negative trajectory (Walker, Bourne, and Steve, 2008). A project that fails to meet what stakeholders expect is regarded to be unsuccessful, even if it still follows the projected timeframe, scope, and budget. The techniques that can be applied to expenditure to improve added value requires a specific approach to cost analysis to determine the kind………………………………………………………………………………………………………………………………………Please contact us to receive this assessment in full based on your organisation background and instructions
Email address: rankedtutorials@gmail.com