Procurement Research Papers Samples For Students

Introduction

Procurement Management is acquiring of goods and services effectively from an outside organization and gaining maximum benefit to the organization in question for the intended project. (David I. & Roland, G. 89).To add on to that project procurement management also helps in maintaining good relationship between the buyer and the seller. Since a contract is a legally biding agreement between two or more parties, it should include documentation. The procurement part of it deals with acquisition or obtaining what is needed. In any contract, both parties involved should agree to do or supply whatever planned to do in written form. There ...

IT Procurement in Healthcare: Reducing Risks

Healthcare information technology (IT) purchases are a huge undertaking for any healthcare system. It could pose substantial company and lawful risks. Think about it. Every healthcare system intersects with human lives. A technical glitch could prove costly. Some research has shown that a great number of IT procurement projects fail, are over budget, or usually do not deliver anticipated benefits. The chance of IT procurement failure is caused when healthcare providers do not consider reasonable safeguards that will help them manage the risks associated with this procurement. This paper will explore how they could minimize these risks so as to make ...

Introduction

Contemporary business environment places a lot of pressure on the organization with regards to their ability to respond to the changing market conditions and evolving demands of the clients. The reality shows that cost and productivity are becoming more and more critical for the sustainable development of the organization, which outlines the focus of the Research and Development (R&D) activities. The evolution of the purchasing function is a complex and deep process of transformation of the way, organization conduct their business in general and understanding of the stages in the development of the purchasing function help building on the contemporary scope ...

Introduction

Purchasing and supply management plays an important role in operations of companies because other functions of the companies depend on the procurement function. In this paper a number of issues will be considered including the role of supply management in the operational process, the strategies of negotiating prices, budgeting supplies, materials, and service, outsourcing procurement function, and the best supply management practices with examples. Supply management is one of the core functions of the company. The information presented below will attempt to justify the importance of supply management function.

Question 1

Purchasing and supply management is an important part of the operational ...

Abstract

The Federal Acquisition Regulation (FAR) is a highly broad and intricate assortment of regulations that govern the purchase process of the federal government. The Federal Acquisition Regulation (FAR) ensures that the measures of purchasing are standard and unwavering, and guarantees that they are undertaken in an impartial and unbiased manner. It is imperative that owners of small businesses and the official mandated with contracting to understand and have a full comprehension of the FAR (Koprince, 2012). Failure to understand the regulation leads to pricey pitfalls, such as those which will be discussed in this essay. The Inchcape Shipping Service ...

Contracting opportunities

Brooklyn Construction Company is a privately owned company and a subsidiary of the International Construction Group that has its headquarters in Ottawa, Canada. Through its long-term experience and staff expertise, Brooklyn Construction Company has sustained long-lasting business relationships across the United States and its contiguous areas, such as Canada and South America. The company has provided innovative construction solutions to complex infrastructural projects for over 75 years.
With the recent invitation by the Federal Government to contracting opportunities, the company has expressed its interest over two of the current projects. The first project entails cleaning up a cemetery, by ...

Introduction

The automobile industry is still majorly depending on the traditional procurement behavior which includes distribution franchisees that help the customers to choose a vehicle of their choice and buy them. This industry is one of the most competitive areas and has a large number of companies that compete with each other on various important issues related to the consumers like the design, speed, safety, brand value and pricing. A dealership was not only deal with sales however there are various other functions that it handled which may include warranty service, servicing, part sale and sales of branded accessories.
With the ...

Introduction

Corruption is a social occurrence deep fixed in the history of mankind. It is alike to other types of crime which are likely to occur in procurement of works by authorities and local administration, due to the large amount of money engaged in a lone transaction and the difficulty in supervising project expenditure. The current paper focuses on the types of corruption involved in CCC which is a premier diversified building firm executing engineering, building, procurement, buying into and development projects globally. It pledges to supply reliable, amicable and professional services to precious clients, and to offer a comprehensive support to businesses and ...

Introduction

This paper sheds light on procurement and contracting. It contains a description of contracts by the government and the existing terminations when the contractor fails to meet the set contractual obligations. In this case, the focus is on termination for convenience and termination for default. Major reference is on the Federal Acquisition Regulation which includes a description of the procedure to follow in conflict handling. An example is the Krygoski Construction Company Inc. case against the United States in August of 1996, Case No. 95-5136.

Bases for a Termination for Default

On this matters, a default under the Federal Acquisition Regulation is a contractor’s unexcused prospective or present ...

Company History

Orlando is one of the most popular cities of America: located in the State of Florida. It is home to several theme parks most notably the Walt Disney Park. The WDP is located just after the Bay Lake in Florida. The theme park was opened back in 1971 with a single park, the Magic Kingdom, and two extra resort hotel. Today, the park has experienced growth and expansion that is breath-taking to see. This is one of the reasons why, the Walt Disney theme park in Florida is one of the most visited spots on the planet. It has ...

Definition of purchasing and supply management

Purchasing and supply management, according to Donath (2002) involves; obtaining or procurement, storage and monitoring of goods traded in retail store, supplies, machinery or other goods. A manager in purchasing and supply is a person in charge in division of the job and in managing other employees working in this section. Purchasing and supply management in many cases entail negotiating with producers and wholesalers in the process of purchasing goods and materials and in working closely with marketing professionals and cost analysts to decide what product to buy and those that are not selling well. Inventory is another part of ...

Information and Communication Teachnology

ABSTRACT
As telemedicine is used throughout the rural parts of Africa, there are many professionals and patients who find the entire process very beneficial because there is an allowance for a decrease in transmission of highly contagious diseases such as MRSA (Methicillin-resistant Staphylococcus aureus). If there are clinics that are found in locations surrounding rural Africa, there are strong concerns that patients will be able to transmit their diseases to other people who are otherwise healthy. With the use of telemedicine, the patients and the health care providers can see each other through a confined space and there is ...

Collaborating with partners across the world is one of the main strategic advantages of Procter & Gamble, a fast paced company that continues to grow despite the low barrier for new entrants in the fast moving consuming goods. Rihard Boateng’s (n.d.) article “Value Chain Analysis of Procter and Gamble Case Studies” describes P&G’s business model, based on international procurement, rapid adaptation to the market and the partner’s requests and solid financial capital for sustaining further business opportunities. The author of the article also informs about the limits of P&G to reinvent itself through new products, which allows its ...

Woman-owned

Description
Maggie Mix Bakery sets to be a small business to be done at home with a possibility of expanding to a limited liability corporation (LLC) in the near future. The business seeks to offer the freshest and natural ingredients of highest quality towards manufacturing of organic cupcakes plus the specialized breads while also ensuring that the targeted customers requiring vegan, gluten free, or sugar free among other specifications is provided. The firm has been on the operational for many years’ hence marginal experience and foundation to meet the set federal procurement specifications. Through the embraced recycled and biodegradable approach embraced ...

ABSTRACT

Supply chain management is an emerging concept in the construction industry in UAE. SCM tends to provide the organizations in the construction industry with an opportunity to improve cost and time consumption. Moreover, the effective supply chain management provides the organization with an ability to improve the quality of projects as well as the satisfaction level of the clients by meeting the requirements more accurately and precisely.
Although the benefits associated with SCM implementation are quite high in the construction industry but the lack of knowledge and limited perspective of the organization has significantly transformed the benefits into ...

ABSTRACT

Supply chain management is an emerging concept in the construction industry in UAE. SCM tends to provide the organizations in the construction industry with an opportunity to improve cost and time consumption. Moreover, the effective supply chain management provides the organization with an ability to improve the quality of projects as well as the satisfaction level of the clients by meeting the requirements more accurately and precisely.
Although the benefits associated with SCM implementation are quite high in the construction industry but the lack of knowledge and limited perspective of the organization has significantly transformed the benefits into ...

IS and IT are the back bone of any organization and have a very strong control over the financial performance and productivity of an organization. The Information System hyped up, to become a key contributor to a business as the requirement of software and hardware systems to provide adequate technology to run a business increased. The implementation of the Information System has always been a tedious task, considering the fact that a minor flaw or downtime can cause a loss of millions to business and can lead to so major customer dissatisfaction.

CIOs (Chief Information Officers) across organizations are always attempting to achieve a smooth transition, procurement and ...

Enterprise Resource Planning (ERP) system is a software platform that enhances the flow of information among the different functions of an organization. Moreover, ERP promotes the sharing of information across organizational units and geographical units. At the core of ERP lies a central database that draws data from and feeds data to modular applications that operate on a standard computing platform. This operation helps to standardize data definitions and business practices into a unified environment. Oracle is one of the leading companies in the global database software market. In 1999, $2.3 billion of its $9. 3 billion revenue was ...

Abstract

Ethics is an integral part of virtually every organization that is serious in the implementation of its business practice. Therefore, it is imperative that every organization to have an ethical policy or in other terms, a business code of conduct for the company in question. Ethics has attained absolute relevance in companies. This is due to its enormous contribution in creating codes of conduct that streamline business practice in every organization. Indeed, ethics spans major areas of operation which include: procurement, supply chains, acquisitions and contracting.
Procurement is that term which denotes responsibility of the organization in sourcing for ...

Foundation Fingerprinting is a concept in biometrics and forensics that use technology to capture data based on biological features. This technology stores information in large databases used by law enforcement officer in crime investigation. The infrastructure captures fingerprint details using a finger print scanner (Maltoni et al, 2009) while the sensor captures the finger information and matches DNA details to create a profile of individual data. This large collection of DNA based information enables the police to match crime scenes with culprits or criminals that may be involved with such incidences. Finger printing plays a crucial role in crime investigation to help police ...

Selected company:

Mechanical and Electrical Construction and Service Solutions (MCC Group) has been recommended as the most suitable sub-contractor for procurement purposes. This recommendation has been done based on the history of the company. In the past, the company has been responsible for reliable delivery of quality projects and high service capabilities. The company has experience in the delivery of infrastructure projects. This falls within the provisions of the company, which requires that the successful procurement company contracted to have had experience in the relevant industry.

Pros and cons of contracting with the source chosen:

Pros:
The pros for the company include its adoption of technology to develop a lean ...

Chapter 3

Chapter 3 is the outcome for both of the methodology (interview and process inspection). The researcher has related the sub questions with the two type of methodology. As the reader go throw chapter 3 he will be able to get the answers for both main and sub questions.
3.1Technical Soundness
Technical soundness is one of the criteria that are used to register ad evaluate suppliers. This is one of the areas that the respondents in the study highly complained. In the interviews, it was evident that the current system failed to effectively evaluate the technical expertise of ...

History gives reference and a deep scope on the current issues. This can also be applied in the operations management to provide a wide scope and stimulate student interest on the topic. The history of medieval English army looks at king of England, Henry in his preparation for the war of Agincourt. The army had the pressure of maintaining constant supply of arrows of lows because there was a shortage caused by high consumption of arrows during the war. Henry fought with army that was three times bigger than his own army is. He, therefore, prepared by ensuring steady supply of arrows ...

I. Introduction
It is with no doubt the Federal Government is the world’s leading purchaser of goods and services, with an estimated yearly purchases of more than $425 billion. To ensure that everyone benefits, the government has particularly encouraged small businesses to place their bids on contracts for some of these supplies. In effect, Federal agencies are demanded to initiate contracting goals, with a minimum of 23% of the entire government purchases meant for small firms (Knerly, 2).
All small businesses willing to engage in business with the government do so with the aid of Small Business ...

Operations management contributes to organizational efficiency through the streamlining of its goals and objectives. The proprietors of profit making venture establish businesses in the hope of maximizing revenue. However, the organization can only realize returns if there is proper structure. Many ventures are created with goals and objectives that are stated through company vision and mission. In operations management, the executive utilizes the tenets of the OM in administrative and management areas which include planning, coordination, staffing and direction to realize efficiency. OM enables the organization to establish long-term strategy what in most instances is referred to as strategic ...

Inventory management and customer satisfaction

Inventory Management and Customer Satisfaction
Introduction
Inventory management primarily ensures businesses maintain products at affordable cost and still achieve the goal of having sufficient and steady supplies to promote continued operation (Mpwanya, 2005). Importantly, enterprises prioritize inventory management since they want to realize a reduction in costs, offer standard services, ensure products are available and make sure their customers are satisfied. Managing inventory is critical to business since it impacts customer satisfaction, which in turn affects the financial performance of a company.

Body

Inventory management
Inventory management is a wide subject, and various researchers define it differently. Arnold (1998) describes ...

The United States military expeditions in Iraq began in high gear. The military operations quickly brought down Sadam Hussein’s reign. un- able to counter the power of the, United States of America combatants the Iraq soldiers resorted to, counterrisurgency operations, often staged on complex urban terrain. The change in venue and operational tempo left U.s Troops, in their lightly armored vehicles exposed to road side attacks from improvised explosive devices. Michael J. Sullivan (2009:56-67)
The American Department of Defense responded, with a $25 billion dollar plan, to acquire Mine Resistant Ambush protected (MRAP) vehicles. To shield their soldiers ...

Information Systems

Organizations today have increased the use of information technology systems as a way of improving operations. Application of information systems makes work easier, efficient and makes it possible to account for various activities within the organization. One of the best information system products I have used is the Apache OFBIZ software. As the manager of a manufacturing firm, I find it easier to use the OFBIZ system because it helps automate most operations within the organization. Apache OFBIZ forms one of the most commonly used information systems in small, medium, and large enterprises. The system assists in automating Enterprise Resource Planning ( ...

BOEING COMPANY

Boeing Company stands today, as the world's largest aerospace company. It is the leading producer of the military aircrafts as well as commercial passenger jets. In addition to that, Boeing also functions to design and manufacture rotorcraft, electronic and defense systems including missiles, satellites, and launch vehicles. It also has its hands in the areas of communication systems and complex information. The Company has broadened its area of service with involvements in military and commercial airline support service sector. Boeing is a major contractor for International, acting as a service agent for NASA. Boeing has extended its products and support services ...

The Regulation of Federal Acquisition (FAR) section 46.703 basically envisages the law of warranty. This statute sets the reasons for the need for warranties, defines the types and gives the scope and overview thereof. The first segment of this law gives the scope and overview of the warranty requirements. It gives Program Managers (PM), Logistic Managers (LM), Contracting Officers Representatives (COR), Contracting Officers (CO) and Project Officers (PO), together with others who are responsible for the implementation and development of warranty guidelines and steps to this great task. For example, the first step to developing a warranty is establishing a warranty ...

One of the pressing concerns that still pervade contemporary societies is organ donation and transplantation. Most of the issues include addressing ethical concerns such as distributing or allocating the number of available organs to the number of waiting recipients; and accepting payments for donors of organs, to name a few. Due to the expansive issues that continue to exist in organ donation and transplantation, this particular concern remains unresolved until contemporary times. For simplicity, the argumentative issue that would be discussed in the current discourse is the issue of accepting financial remuneration for donors of organs. In current times, the ...

Boeing is a world renowned US based company which started its operations in the year 1916. It primarily specializes in providing defense and aerospace facilities and it has a number of other business initiatives; which includes, operations and technology, Engineering, Boeing Capital, Boeing Commercial Airplanes, Boeing Space and Security and the Boeing Shared Service Group. The scope of business of Boeing is quite huge and they enjoy a global customer base. At present the company boasts a customer base which is spanned across 150 countries and it mainly consists of US and their supported allies across the world.
Maintaining a strong supply chain is ...

Successful organizations have strongly integrated setup of supply chain. In today’s world of neck to neck competition, no organization can survive without having strong and quick SCM. Internet has revolutionized the whole world and has facilitated the business world in a magnificent way; similarly it has enhanced the role of SCM.

Internet has modified the traditional SCM by ensuring flawless ways of communication at every step of production. Internet fosters the procurement process by assisting JIT inventory, quick process of placing orders, better tracking of inventory, accurate delivery of orders according to the specifications and superior support facility for customers. ...

Abstract

This paper focuses on analyzing value chain of Fluor Corporation. The paper is carrying out evaluation of several processes of Fluor along with a Close and comprehensive analysis of all processes that deliver high quality to the customer. The company deals with mega projects hence it is very important to complete the projects on time with all desired specifications and good quality. An effective Value chain helps in completing the projects on time with high quality.

Fluor Value Chain Analysis

Thesis Statement: this paper intends to discuss a comprehensive analysis of Fluor Value Chain. The paper further elaborates upon how Flour is able to establish a strong ...

Charlotte Supplements is a small-scale organization operating in Charlotte North Carolina (NC) selling over 6,000 products. The portfolio of the company includes supplements for vitamins, minerals, herbs, and sports edibles. Due to its scale, the company does not interact with the audience digitally regarding product information such as prices. Moreover, the company operates for a limited span each week (CS, 2017). The purpose of this paper is to propose a business model and a competitive strategy for overcoming this small-scale but a potential competition. The paper will explain the core concept of strategy briefly prior to the proposition. ...

Introduction

MasterCard Incorporated is a multinational financial services provider listed on the New York Stock Exchange. MasterCard provides electronic payment cards and other financial services for banks in the United States and around the world. This report will focus on the business environment within which MasterCard operates and how its internal and external environments interact to define its current status as financial service provider. This will include the company analysis which will be an inquest into the internal elements of MasterCard and its activities. The competitors and competition processes faced by MasterCard will be considered. Then the research will provide ...

Question 3

In the play, A Doll’s House, different characters present varying characteristics that define their roles in the play. However, one of the key most impeccable characters from the play that creates some form of intrigue in terms of true identity is Nora Helmer. A review of the character projected by Nora indicates a significant shift in terms of character during the course of the play thereby highlighting some of the admirable qualities that one ought to expect from a woman in her status. In my view, the shift in terms of character projected by Nora during the course ...

Introduction

Change management is a term that has several definitions; the term does not contain any definite explanation. According to some authors, change management is a technique for facilitating the implementation of complicated processes in a very organized way that leads organizations towards the contribution into the organization. ElMaraghy (2011), in his book, defined change management as a redesigning of the structure of procedure with the aim of coping up with internal and external organizational changes. It is a process of constantly renewing the structure, direction, and capabilities of organization with the purpose of serving the ever-changing needs of internal ...

Abstract

Wesco International Inc, which is an American publicly traded company currently, operating in the U.S. The company supplies electrical and repair products and is based in Pittsburgh, Pennsylvania. Most of the company’s business is conducted in the United States. This article provides a microeconomic analysis by reviewing the current demand and supply situation of the company as well as the involved costs of production and recommended strategies that the company could adopt to gain a competitive power.

Introduction

Maintaining successful operations is a hard task for multinational corporations especially in the current market trends and fluctuating customer demands. However, ...

Abortion

INTRODUCTION
Abortion is defined as the termination of pregnancy in a woman as a result of medical requirement or to avoid unplanned and accidental conception. In most countries across the world, abortion is highly condemned by some groups in the society while other groups support the procedure. According to Christian teachings on life, it is believed that life begins at conception; this means that an abortion is equal to the murder of a human being. The legalization of abortion in America by the Supreme Court in the year 1973, spark controversy debates across the nation. Anti-abortion activists condemned such ...

The modern science of warfare assumes that in armed conflicts and local wars of the new century the winner is the one who will be able to quickly collect multifaceted, ever-changing data on the course of the battle, to analyze them, to make the right conclusions, make the right decision and quickly bring it to a subordinate. To ensure victory over the enemy is necessary to achieve the so-called information superiority, which allows preempt it in the evaluation of the rapidly changing situation on the battlefield, making the right decisions and planning the operation progress (fighting).
According to the ...

Air Canada is Canada's largest carrier, which is one of the founders of the international alliance Sky Team. Today, it is capable of carrying out flights in 98 settlements in the United States, Canada, Europe, Australia and Asia (Aircanada.com). Together with our partners, this company carries passengers to 160 destinations.

Part 1: Enterprise Strategy and Air Canada

1. The airline industry has always been a very high-tech and, therefore, up to date with the developing global trends and requirements. The complexity of the business of air transportation is magnified by high responsibility to air travelers. With increasing passenger flows slightest failure in the processing and transmission ...

We live in tough times. For example, the State of Greece’s insolvent economic-bubble bursting may bemuse certain high-level German or IMF officials, but in reality the situation is no laughing matter. The unrelenting fact is, that negotiations matter. Whether parties plan to negotiate terms of future business, or getting out of a serious nationwide financial scrape or collapse, best practices in negotiations is a critical part of the world today. The task of this research paper must convey an adequate summary of the Greek current financial crisis in ...

Management

Introduction
Evans (2011) has described the torturous and frustrating series of negotiations that occurred between the USA and Iran over the issue of capping of Iran’s nuclear program in exchange of lifting of sanctions. The negotiation process reflects the tenets and concepts necessary for negotiating across cultures as highlighted by Lewicki, Barry & Saunders (2015).

Summary

Evans (2011) traces the difficulties in the current negotiations on the nuclear issue between the USA and Iran to a number of factors. He attributes the 1953 Coup of Iran and the 1979 hostage crisis that manifested in the 1979 Islamic Revolution as landmark ...

Introduction

Human resource management entails various activities done by different managers in an effort to fulfill the organizational goals and objectives. These goals vary with organizations, but the basic duties and functions of the HRM department are similar. Human resource deals with the human aspect in the organization and its duties vary from selecting to maintaining employees. The various functions of this department affect the overall functioning of the organization (Checkoway, 1986, p. 32).
The functions of HRM department can be divided into two categories namely, the managerial functions and the operative duties. Managerial duties are those performed by ...

Introduction

Technology is playing a crucial role in businesses today. With many business challenges that have been brought about by globalization and competition, there has been the call to leverage on technology to solve most of the problems that are faced by businesses today. The ability to share information and have different departments communicating is one of the goals that many companies seek to achieve. There is a need to have communications between departments and have ways in which the different departments can share resources in a secure manner. Enterprise Resource Planning (ERP) systems have proved to be the most sought-after solutions that ...

Introduction

The entertainment industry is an unforgiving, uncaring and impersonal place, and many artists require the help of third parties to assist them in locating employment opportunities as well as in making crucial career decisions. It is because of this reason that music managers and talent agents are a common occurrence in many entertainment industries across the world. The managers and agents essentially represent artists and their role in the entertainment industry is very huge and straightforward. In many occasions, a successful artist is one who has both an effective manager and effective talent agent. However, it is important to take note ...

Intro

Strategic well being and effectiveness are some of the essential for the sake of an organization as it is the method that used by the companies to enhance their productivity. Future planning is more than essential for an organization for the economic and strategic growth of an entity (Dringoli, 2011). The main theme of this paper revolves around the first assignment completed. It is required to have a bid strategy on the current scenario of the plan in particular of the same company that has been taken into account in the first assignment. The assignment has been divided into different ...

Management Information Systems

Part I
- Why did Levi's consider selling their jeans at Wal-Mart?
Levis decided to sell their jeans at Wal-Mart to reach the new target customers – kids and their families. Most of the shopping for kids is done by mothers who frequently shop at Wal-mart store. Levis introduced less expensive Signature jeans line that was designed for the new target customers. These jeans for men, women and kids are priced at $23, have fewer detailed finishes than the other product lines, and they do not bear the trademark on the pocket . The company believes that the new ...

Management Information System

A company is facing problems to provide quality of services to the customer due to inefficient and ineffective manual business operations. Therefore, the company is reducing the customer’s satisfaction level as well as the profit margin.

Project Overview

In order to increase the customer’s satisfaction level as well as enhance the business, the company decided to implement a Management Information System (MIS). The MIS is expected to resolve the existing problems of the company as well as support the management to take informed decisions and developing strategies and policies. One of the objectives of the deployment of the MIS is ...

The topic of research is “Issues in Supply Chain Management”. The research study on this topic will give an understanding about supply chain management and its various facets. How supply chain management is important to businesses and what are major issues faced by the organizations in effective supply chain management. This study will be based on case studies and their analysis.
Supply Chain Management is a relatively new concept. It is often confused with logistics function of the organization. Logistics is only a function of the supply chain management. It includes other functions like sourcing, conversion and procurement as well. ...

Introduction

Nokia Company is a multinational communications company, focused on supplying products and services in the wireless telecommunications, wired and information technology industries. It is the largest mobile manufacturer and a leading supplier of fixed networks and digital mobile in the world. The corporation’s increasing focus on wireless services and cellular products is accountable for the Nokia success in the last decade. The company is Headquartered in Helsinki, and most successful organization in Finland.

Business Strategy of Nokia Company

The corporate strategy is to reinforce its position as a leading product provider in communication's systems. The organization strategic intent, as a reliable brand, is to create personalized technology ...

This organization suffers from a lot of security issues which needs immediate mitigation plans. There has been a series of network security breaches such as unauthorized access to the network and organization’s employees being asked for their passwords by persons purporting to work in the IT department. As a result, the organization requires an efficient authentication strategy that ensures that only authorized personnel access the network. Likewise, employees need to be sensitized on the importance of keeping their credentials safe. They should realize that and passwords are important in keeping their personal security as well as those of the company. ...

1.0 Compare and contrast fixed-price contracts and cost-reimbursement contracts in terms of the benefits and drawbacks of each for your business.
Fixed- price contract is one whereby the price of the goods, works or services to be provided is agreed upfront so that the contractor gets paid the amount agreed upon after successfully supplying or providing the contract service. This type of contract is appropriate for goods and services that can be adequately described so that both parties are able to understand the requirements and at the same time asses any risk that may be involved in discharging ...

Introduction

What is the “Truth in Negotiations Act” (TINA)? TINA was introduced into the federal government’s process for purchasing in 1961. The TINA was crafted to establish fair pricing between the government, who is procuring a particular good or service, and a contractor who is vying to supply the said good or service by establishing a contractor’s costs. The establishment of that cost happens as the contract for the supply is being negotiated. According to the TINA, the government will be given access to all relevant data that the contractor has that is relevant to the product or good’s ...

Overview

The proposed warehouse and distribution center is intended to supply Nestle products to approximately 150 major supermarkets in and around the 20-kilometer radius of Brisbane. The products to be stored in the warehouse are composed of fast-moving consumer goods that are sold quickly at a very reasonable price. The storage facility is divided into sections according to product classification such as dry goods and perishable goods. Ambient and temperature controlled areas will have the chilled and freezer facilities to store perishables and an administration office to house the command center, customer service desk and basically all departments that will conduct ...

Introduction

The United States government pays a special attention to service-disabled veteran businesses when it comes to federal contracting opportunities. Businesses owned by Service-Disabled veterans stand higher chances of being rewarded contracting opportunities especially in the United States Department of Defense. Service Disabled veterans are ex-servicemen, who have incurred disabilities while in the line of duty serving the military, navy or the Air force. For a business to be considered to be in this class, at least fifty-one percent of its ownership must be by a service-disabled veteran. The United States government offers the outstanding recognition of such business in what it considers ...

Power and influence are two cardinal ingredients that are instrumental to leaders in an organization. Power denotes the ability to influence decisions or actions that are undertaken by various individuals in the organization. This means that an agent has substantial control over what the target undertakes. On the other hand, influence is personal in nature. This means that a person can have immense influence over a leader regardless of his or her position in the organization. Therefore, influence is more superior to the power. In many organizations, these two concept play a big role in shaping the direction in which policies and ...

Management Memorandum

The main purpose of this memo is to clarify on some issues based on the LIFO inventory management of stock. Over the recent past, it has been noted with a lot of concern that the cost of managing the stock has been tremendously increasing. As a result, some of the existing policies have been modified to rectify the situation while other new policies have been put in place to enable a smooth flow of inventories with no major cost challenges. Increasing stock costs has resulted into the firm incurring increasing losses due to increased costs.
After a comparative study of the stock ...

TABLE CONTENTS

Introduction.3

Background.3
IT and Global Supply Chain Management .5
Electronic Marketing 6
Electronic Logistics .7
Conclusion..8

References.9

The Role of Information Technology in Global Business
Introduction
In the world of international business, Information technology has become very important. (Proctor, K. & Scott, Y. 2011). Of late, many industries shift the way they operate their daily activities by incorporating the use of information technology at a higher level. They utilize the new technologies which are being invented. The latest inventions in the field of technology which are being used in global business are; smart phones and ...