Purchasing and Materials Management - Management Assignment Help

Assignment Task

Task
Question 1
In many organizations, supply managers are asked by senior management to manage procurement in such a way that inventory levels are reduced. What are the
risks that supply managers should be aware of when reducing inventories?
Question 2
Explain briefly the characteristics of a transactional relationship in supply management. What are the advantages and disadvantages of a transactional relationship.
Question 3
Explain why early supply management involvement and early supplier involvement are being seen as increasingly important in todays global business
setting.
Question 4
What is a statement of work (S.O.W) in the context of the procurement of services? Explain briefly the four common formats for statements of work.
Question 5
Explain the supplier selection process that is referred to as the two-step bidding/negotiation approach stating clearly the conditions under which this approach is used.

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