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Procurement Management
June 2021 Examination
- Explain Procure to pay cycle with example for an Automobile spare part industry that is using SAP ERP. Also explain roles and responsibility of Procurement Manager within same example?
Answer 1.
Introduction
The automobile industry is also highly reliant on production processes and supply chains. Think of it: thousands of pieces and components made of a car, motorcycle, truck or tractor, and no car manufacturer can produce everything in-house, so it requires procurement to pay to keep up with details. Procure to pay is when goods and services are requested, purchased, received, paid for, and accounted for. It originally comes from the ordered procurement sequence and financing decisions, which begins with
- Procurement the buyer in textile industry M/s Weave; your management has given you responsibility to procure a critical capex. Using Total cost of ownership analyze your decision. What all cost is involved in the same? Explain in detail considering all phases and lifecycle of product and how it will affect your procurement decision. (10 Marks)
Answer 2.
Introduction
Total ownership costs (TCO) is an analysis that determines the entire lifecycle of the purchase of capital by one individual value.
Each ownership phase includes this value: Acquisition, Operation, and softer management costs of change. The Acquisition flows like documentation and training. A dedicated capital-procurement strategy considers the specifics of the supply market, the company’s capabilities, and the requirements for the successful delivery of capital projects.
3. You are buyer in one of the key real estate organization M/s Brick Developers Pvt ltd.
a. You have been given to manage Inventory Management is one of the key activity which requires daily monitoring. Explain how vendor managed inventory can help your organization? How does it vary compared to stock less buying?
Answer 3a.
Introduction
A vendor-managed inventory resolution links the entire supply chain, efficiently giving the direct business discernibility into the retailer’s sales data at the other end of the chain. With actual customer sales data, manufacturers can more accurately predict how much product to manufacture. Some of the most comprehensive companies, from Wal-Mart to Bosch, use vendor-managed inventory to
b. Your CPO has asked you to help him to write down requirement to keep in mind for new supplier registration process? What are parameters you will check before on boarding the supplier?
Answer 3b.
Introduction
It can be challenging to navigate new supplier relationships. There is a risk of losing valuable business and compromising profit margins if you don’t have a consistent system to onboard and establish those partnerships. On boarding the suppliers before they begin working together allows both parties to get off to a good start.
Concept and Application
The Requirement to keep in mind for the new supplier registration process are new supplier requests should include complete supplier contact information. VPF will contact suppliers directly for missing forms or other information. If, after five business days, the supplier does not respond to VPF’s request, it will be returned the requisition to the requester for direct follow-up with the supplier.
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