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    Suggested Answers To Activities: Feedback Activity 3.6

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    Suleman Masood
    The document discusses procurement management strategies including increasing expenditure, reducing supply risk, signs of supplier motivation, and disadvantages of buying from multiple supply markets. Suggested strategies to increase expenditure include standardization, grouping items, and collaborating. Supply risk can be reduced through standardization, market analysis, and identifying additional sources. Signs of motivation include participation in design, flexibility, quality control tests, and technology transfer. Disadvantages of multiple suppliers include less leverage and additional costs of developing new supplier relationships.

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    Suggested Answers To Activities: Feedback Activity 3.6

    Uploaded by

    Suleman Masood
    4 views2 pages
    The document discusses procurement management strategies including increasing expenditure, reducing supply risk, signs of supplier motivation, and disadvantages of buying from multiple supply markets. Suggested strategies to increase expenditure include standardization, grouping items, and collaborating. Supply risk can be reduced through standardization, market analysis, and identifying additional sources. Signs of motivation include participation in design, flexibility, quality control tests, and technology transfer. Disadvantages of multiple suppliers include less leverage and additional costs of developing new supplier relationships.

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    The document discusses procurement management strategies including increasing expenditure, reducing supply risk, signs of supplier motivation, and disadvantages of buying from multiple supply markets. Suggested strategies to increase expenditure include standardization, grouping items, and collaborating. Supply risk can be reduced through standardization, market analysis, and identifying additional sources. Signs of motivation include participation in design, flexibility, quality control tests, and technology transfer. Disadvantages of multiple suppliers include less leverage and additional costs of developing new supplier relationships.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    4 views2 pages

    Suggested Answers To Activities: Feedback Activity 3.6

    Uploaded by

    Suleman Masood
    The document discusses procurement management strategies including increasing expenditure, reducing supply risk, signs of supplier motivation, and disadvantages of buying from multiple supply markets. Suggested strategies to increase expenditure include standardization, grouping items, and collaborating. Supply risk can be reduced through standardization, market analysis, and identifying additional sources. Signs of motivation include participation in design, flexibility, quality control tests, and technology transfer. Disadvantages of multiple suppliers include less leverage and additional costs of developing new supplier relationships.

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    48 WAWASAN OPEN UNIVERSITY

    BLC 304/05 Procurement Management

    Suggested answers to activities

    Feedback

    Activity 3.6

    You can increase expenditure on an item by:

    1. Reducing unnecessary variety in specifications of both goods


    and services through internal standardisation

    2. Grouping as many items as possible

    3. Making sure that any requirements that are common to more


    than one site or one group of users are added together and
    offered to the supply market as a single package

    4. Collaborating with other companies to form purchasing


    consortium

    Supply risk can be reduced by:

    1. Working with engineers and suppliers to try to eliminate or


    reduce causes of risk from the specifications (through standards,
    available substitute products or alternative designs)

    2. Internal standardisation of purchases to avoid excessive


    diversification or fragmentation

    3. Undertake an in-depth supply market analysis to identify


    additional sources of supply

    Activity 3.7

    Possible signs of motivation include:

    1. Active participation in your product design through joint value


    analysis or value engineering initiatives

    2. Providing flexibility in specifications

    3. Establish special quality control tests or arranging required


    inspection services
    UNIT 3 49
    Specifications, strategies and supplier evaluation

    4. Assigning specialised staff with the desired expertise to work


    with your company in product design, etc.

    5. Providing options for transfer of technology and intellectual


    property to your company

    Activity 3.8

    Two disadvantages of buying from multiple supply markets could be:

    1. Less leverage on each individual supply market

    2. Additional costs and inefficiencies associated with having ‘to


    move up the learning curve’ (developing an effective supplier
    relationship) with more than one supplier firm

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