Cips College Essays Samples For Students

INTRODUCTION

Strategic sourcing could be defined as a systematic and organized approach for effective optimization of organization’s supply base and eventually works to enhance the overall value proposition of the organization. In simpler term, sourcing is an activity that involves processes to acquire the best product/service at the best value continuously. The objective of sourcing is to reduce the cost of products and services while maintaining the quality of the products. In addition, some of the other prominent objectives of sourcing are to enhance the relationship between the organization and the suppliers, leveraging the organization’s spending, to understand the ...

Abstract.

Supervisory Control and Data Acquisition systems (SCADA) are a subset of Industrial Control Systems (ICS), and they are used to automate the control and monitoring of processes and sets of processes. Such processes include industrial production lines, power grids, rail switching and other critical infrastructure. Traditionally, these systems were isolated and thus secure from cyber-attacks. However, modernization has led to increased complexity, interconnectivity, and digitization. In this regard, today's SCADA systems need to communicate and transfer data from one site to another via communication networks that are at times public e.g. The internet. This development has created security vulnerabilities for ...

Procurement means an acquisition of goods, works or services from the external sources. It is necessary that the goods, works or services are suitable and that they have a best price to satisfy the requirements of the buyer regarding the quality and quantity, location and time. And this is the basic task of the purchasing management.

Evolution of the Supply Management in the Recent Years

As any other branch of management, supply management is a constantly developing process. “During the last 90 years, political, economic, technological and social evolutions have influenced operating models, leadership styles and technical skills necessary for supply management colleagues to succeed.
Before 1914, supply management, ...