Description
Assignment Sample Solution: Procurement management April 2025
NMIM$ Global Access
School for Continuing Education (NGA-SCE)
Course: Procurement management April 2025
Internal Assignment Applicable for April 2025 Examination
Q.1 ABC Healthcare is a mid-sized pharmaceutical company that specializes in producing over-the-counter (OTC) medications. With steady growth and diversification into new product lines, the demand for various raw materials, packaging supplies, and third-party services has significantly increased. However, the procurement system at ABC Healthcare has not adapted to these changes, resulting in sourcing delays, inconsistent purchasing practices, and potential cost inefficiencies. Identify and describe the various requisition types that ABC Healthcare may encounter in its procurement operations, emphasizing the importance of requisition categorization for effective procurement planning and execution. Additionally, propose a structured process for issuing an RFx (Request for Proposal, Request for Quotation, or Request for Information) to ensure optimal supplier selection and contract negotiation for ABC Healthcare. (10 Marks)
Q.2 SolarBright Ltd. is a global manufacturer and distributor of solar energy equipment, sourcing components from international suppliers and delivering products to clients worldwide. Despite its success in the renewable energy market, the company faces significant challenges in managing its transportation and logistics. Issues such as inconsistent shipment traceability, high transportation costs, and discrepancies in documentation have resulted in delayed deliveries and operational inefficiencies. Explain the concept of INCO terms and their importance in global supply chain management by analyzing how selecting the appropriate INCO terms can influence SolarBright Ltd.’s transportation costs and responsibilities. Additionally, evaluate the potential risks associated with inaccurate or incomplete shipping documentation and propose strategies or technologies to improve shipment visibility and traceability. (10 Marks)
Q.3 GreenHarvest AgriTech, a rapidly expanding agritech company specializing in sustainable farming solutions, is encountering challenges in sourcing reliable suppliers for eco-friendly materials, streamlining supplier onboarding, and evaluating supplier performance. These difficulties threaten the company’s ability to maintain operational efficiency and meet growing market demands.
- Discuss the significance of conducting spend analysis for GreenHarvest AgriTech to uncover cost-saving opportunities and explore strategic sourcing options by outlining a step-by-step approach to improving the supplier selection process. (5 Marks)
- Discuss how understanding Total Cost of Ownership (TCO) can aid GreenHarvest AgriTech in making strategic decisions regarding supplier and product selection. (5 marks)
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