Procurement Planning CPMGT 302 Procurement Planning The needs of a project must be carefully identified‚ sourced and acquired to have a successful procurement process. Procurement planning is essential to the overall success of a project. It involves identifying the materials and services‚ finding the suppliers‚ and properly documenting the transactions. This paper includes a description of the procurement planning process. The most valuable output of the plan procurement process will be identified
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Procurement Planning CPMGT302 Kerzner (2009) defines procurement and contracting as the "process that involves two parties with different objectives who interact on a given market segment." (p. 840) As with every phase of project management‚ proper planning is key to the success of any project by ensuring the project gets the most out of any supplier relationships. This paper will define the project procurement
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Strategic procurement planning and analysis Expectations 3.3 We expect that each public entity will have a thorough understanding of the: type of procurement that it does; value and risk associated with the procurement; and importance of procurement to achieving its overall goals and business strategy. 3.4 A public entity should develop a procurement strategy if procurement is integral to achieving the overall business strategy. 3.5 Where procurement is not integral
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After project initiation‚ begins the process of planning‚ with the end goal of achieving a successful‚ timely‚ and efficient completion of the project. Responsibilities‚ schedules‚ directions‚ and details for the team need to be laid out‚ and clear. The process of planning the project however needs a considerable care and attention. It is crucial that the project’s objectives be clearly tied to the overall mission‚ goals‚ and strategy of the organization‚ such as might be reflected in the project
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Role of Procurement within an Organization: Procurement : A Tutorial 1 Published on: Jan‚ 26‚ 2011 by: Robert Handfield‚ PhD Role of Procurement within an Organization Overview Key Procurement Objectives: OBJECTIVE 1 – Support Operational Requirements OBJECTIVE 2 – Manage the Procurement Process and the Supply Base Efficiently and Effectively OBJECTIVE 3 – Develop Strong Relationships with Other Functional Groups OBJECTIVE 4 – Develop Integrated Purchasing Strategies That Support
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Butler System BUS 612 Advanced Project Procurement September 06‚ 2010 Introduction With the increased globalization‚ competition and complexity in global supply chains‚ more companies have realized that supply chain management is critical to the optimal organizations overall operation. It is not longer just the responsibility of the warehouse manager and logistics director. In the past‚ many organizations didn’t manage their supply chains they left that up to the suppliers. Usually
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Interim Report on process development on Procurement Process Submitted by: Manish Kulkarni ID # 13A1HP070 Brief introduction of the company Covidien is a $10 billion global healthcare products leader dedicated to innovation and long-term growth. Covidien creates innovative medical solutions for better patient outcomes and delivers value through clinical leadership. It delivers its values through its highly precise and accurate mission statements “Create and deliver innovative healthcare
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SYSTEM PROCUREMENT PROCESS Procurement process is the term used by businesses to describe the buying process‚ and can refer to the purchase of supplies or services. Many businesses use automated tools such as an Enterprise Resource Planning (ERP) system and Electronic Data Interchange (EDI) to assist procurement specialists or buyer with the buying activities. Regardless of whether an automated system is used‚ the goal of the procurement process is to buy the exact product or service when needed
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Computer-based System Procurement Acquiring a system for an organization to meet predefined need. Deciding about the best approach to acquire a system and the best supplier. A system may be bought as a whole‚ bought as separate parts and then integrated or especially designed and developed. Some system specification and architectural design must be done before procurement decision like provide the supplier or contractor with specification about the required system‚ the specification/ architectural
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References: - NASA (2001). NASA NPR 9501.2D. May 23‚ 2001. Electronic Industries Alliance Standard Systems Engineering Capability Model EIA-731.1 Hagan‚ Gregory T.‚ Effective Work Breakdown Structures‚ pp7-8 Barkley‚ B. T. (2006). Integrated Project Management (1st Ed.). McGraw-Hill Professional.
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