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Procurement Management NMIMS Assignment Solution June 2024

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Procurement Management NMIMS Assignment Solution June 2024

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Description

NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Procurement Management
Internal Assignment Applicable for June 2024 Examination
Assignment Marks: 30
Instructions:
 All Questions carry equal marks.
 All Questions are compulsory
 All answers to be explained in not more than 1000 words for question 1 and 2 and for question 3 in not more than 500 words for each subsection. Use relevant examples, illustrations as far as possible.
 All answers to be written individually. Discussion and group work is not advisable.
 Students are free to refer to any books/reference material/website/internet for attempting their assignments, but are not allowed to copy the matter as it is from the source of reference.
 Students should write the assignment in their own words. Copying of assignments from other students is not allowed
 Students should follow the following parameter for answering the assignment questions
Q.1 Procure Link Enterprises is a medium-sized procurement and supply chain management company that operates in various industries. The company recognizes the potential benefits of adopting e-procurement strategies to enhance efficiency, reduce costs, and streamline procurement processes. However, it is facing challenges in understanding the evolution of e-procurement, establishing effective pricing and business strategies,
implementing online catalogues, and leveraging online auctions. Describe the evolution of e-procurement, including its various stages and technological advancements and explain how understanding this evolution can guide Procure Link Enterprises in developing a robust e-procurement strategy. Also, recommend pricing models and business strategies that Procure Link Enterprises can adopt to ensure competitiveness and profitability in the e-procurement marketplace. (10 Marks)
Q.2 Metro Build Infrastructures is a construction company specializing in large-scale infrastructure projects. The company often engages in contracts with government agencies to build roads, bridges, and public facilities. Metro Build is challenged with determining appropriate pricing strategies, managing government influences on pricing, and addressing the complexities of contract cancellations due to unforeseen circumstances. Evaluate the factors that Metro Build should consider when determining pricing for its infrastructure contracts and propose strategies for Metro Build to manage and negotiate government influences on pricing while maintaining a fair and mutually beneficial partnership. Also, suggest a contingency plan and contractual clauses that Metro Build should include to mitigate risks associated with contract cancellations and unexpected project disruptions.
(10 Marks)
Q.3 Global Tronics Ltd. is a multinational electronics company that sources components and materials from various countries for its manufacturing operations. The company is committed to upholding ethical standards and complying with relevant laws in its procurement practices. However, the purchasing team is faced with complex decisions related to international buying ethics, the legal authority of purchasing managers, and contract law.
a) Explain the legal authority and responsibilities of a purchasing manager and discuss the importance of ethical considerations in global sourcing decisions for Global Tronics.
(5 Marks).
Now suppose Global Tronics wants to source a wide range of products from suppliers around the world and distribute them to various markets. The company is looking to enhance its global sourcing strategies by improving supplier evaluation methods.
b) Describe different methods of global sourcing that Global tronics can adopt to procure products from international suppliers and outline the factors that they should consider when evaluating potential global suppliers. (5 Marks)
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