Advantages and Disadvantages of the Purchasing Methods Report Writing – Management Assignment Help

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Assignment Task:

Task:

Assessment 1

1. Determine your organisation’s views on the advantages and disadvantages of the purchasing methods using examples provided or adding your own additional examples.

2. Describe how you might consult with relevant stakeholders.

3. Explain how you would analyse information to determine the nature and levelof resources required to achieve business objectives.

4. Create an action plan to acquire and allocate the resources, incorporating strategies to maximise efficiency and manage risk.

5. Show how you will implement this plan so that systems:

• incorporate efficient use of resources into work practices

• monitor resource use against budgets and business objectives.

6. Clearly indicate, as part of your plan, the expected level of performance achieved and any adjustments that may be needed to achieve service and product delivery standards.

 

Question 1: Determine your organization’s views on the advantages and disadvantages of the purchasing methods using examples provided or adding your own additional examples.

Discuss the advantages and disadvantages of different purchasing methods. Example: Direct negotiations, Open tendering, Selective tendering, Written quotations, Electronic trading. You can use a table to answer this question.

Question 2: Describe how you might consult with relevant stakeholders.

Identity and discuss the different group of stakeholders (internal and external) and communication method for each group. Provide reasons for communication to develop the resource management plan.

Question 3: Explain how you would analyze information to determine the nature and level of resources required to achieve business objectives.

Need to explain how you would analyse information to determine the nature and level of resources required to achieve business objectives. First, discuss the way of identifying the requirements (Functional requirements, Operational requirements, technical requirements, transitional requirements.

Then you need to determine which requirements are achievable and how the system or product can deliver them (Explain priority requirements, analyse the impact of change, resolve conflict issue, analyse feasibility)

Question 4: Create an action plan to acquire and allocate the resources, incorporating strategies to maximise efficiency and manage risk.

Need to provide brief information about your project. Then you need to list all the resources required for the project (with examples for each category), along with the responsible person, budget, timeline, risk associated with the acquisition and treatment plan.

Question 5: Show how you will implement this plan so that systems:

 incorporate efficient use of resources into work practices

 monitor resource use against budgets and business objectives

Discuss Quality management system, life cycle analysis to manage resource usage and efficiency.

Discuss different methods to monitor resource use against budget and business objectives. Example: using the accounting principle (asset register, perpetual/periodic inventory tracking system), using resource balancing, using the non-accounting method.

Question 6: Clearly indicate, as part of your plan, the expected level of performance achieved and any adjustments that may be needed to achieve service and product delivery standards.

This response should be related to the resources discuss as part of the action plan developed for question 4. Discuss resource capacity, allocation, availability, actual, utilisation, sales and revenue figures.

 

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