Key benefits of going agile on procurement • Greater transparency allow managers to control project scope and cost • The business has complete visibility into progress throughout the project • Stakeholders are encouraged to respond to change after each iteration • There is a continuous collaboration between business & IT throughout the project • Business value is delivered early and often 4. Conclusion Based on the investigations and the findings of the study, the following conclusion is made: • New approaches to evaluation are needed to select capable agile suppliers and teams • Agile Procurement needs to consider all of the spend categories involved in delivering agile projects • Implementation of agile management in procurement requires departments and organization to be open-minded for change in order to apply agile project management in procurement. • The Vendors should get training for agile since there’s a high number of vendors who are not familiar with agile project management. 5. Recommendations Based on the findings of the study it is recommended that: • Agile project management becomes implemented in the project procurement management
3. OVERVIEW OF STRATEGIC PROCUREMENT Strategic procurement defines a plan for optimizing external cost or spend, procurement operations in order to meet a firm’s core business objectives. Procurement is focused on establishing and maintaining relationships with external and internal customers, suppliers, third parties and leveraging corporate buying power. According to Perlman 1990, Zenz and Thompson 1994, almost all of the organizations want to achieve lowest possible levels of risk and investment, together with ensuring adequate quality, avoiding waste and duplication when handling and controlling procurement. Thus, advanced internet technologies such as cloud computing helps to improve inefficient procurement processes by lowering administrative
Sustainable development can provide business with an opportunity to innovate and a means to grow at each level and step of business operation. Making the right choices within a company, whether it is newly exposed to the concept of sustainable development or is already advancing its sustainability agenda, contributes to the company’s long term success. Collaboration among business, government and civil society is an essential way to deal with these issues that increasingly affect business. This includes gaining an understanding of specific social issues at the local level; developing low-cost technologies or business training programmes for local entrepreneurs and small and medium enterprises; establishing independent certification bodies to ensure sustainable management of natural resources and encouraging governments to establish international regulatory frameworks needed to handle global issues such as climate
This diagram illustrates the chain of command when a traditional procurement route is used in a project Management There are many different routes within the management route such as management contracting, design and management and construction management. Management contracting When this route is used, a professional team and a management contractor are hired by the client. Their duty is to, during design stage, advice the team. During construction their role is ensure the work being carried out is done to the correct specification. This method allows an early start on site and gives the client flexibility to change design during construction.
Historically, preparing and managing the proper purchasing documents has been a time-consuming process. Most companies have streamlined the document flow process to reduce the paperwork and handling required for each purchase. The suite of tools used to achieve efficiency in purchasing transactions is broadly defined as “e-procurement”. Companies are using e-procurement tools to manage the flow of documents by (1) automating the document generation process and (2) electronically transmitting purchase documents to suppliers. The benefits of electronically generating and transmitting purchasing-related documents
With procurement, a list of are certain criteria that is considered before settling on a supplier. They are set based on their quality, geographic area, price, reliability, reputation and availability. These are all things that should be considered in the procurement in logistics. One of the process of procurement is to establish product policy like the product packaging, warehousing and storage and details regarding manufacturing. This factor might seem simple, but it is more complex and important from a cost point of view.
Introduction: Business sustainability is often defined as managing the triple bottom line - a process by which companies manage their financial, social and environmental risks, obligations and opportunities. These three impacts are sometimes referred to as profits, people and planet. Introducing sustainability is one of the key values which every business must abide to. It is said to be one of society’s promising means to safeguard natural resources and the eco system. Sustainable business is environmentally and socially aware business strategies and operating practices that both helps the various firms to contribute to a cleaner and healthier world at the same time pave way to make profitability.
With their advice the client will then start the procurement process by devising a plan or strategy. The strategy will consider the benefits and risks, the main function or purpose of the building and what budget the client has allocated for the project. This will help to decide what procurement path is best suited, and what contractual arrangements will be required, which cover how the client will pay the building contractor and other conditions embodied in the contract such as Bill of Quantities or Prime Cost sums. The chosen path by the client will effect the amount of which the project will cost, the amount of time that each construction stage will take, and the quality or performance of the building on completion of the construction work. Methods or Paths of Procurement: There are four different Procurement methods or paths that exist in the construction industry to choose from.
4. Sustainable assessment of a product: The products produced by industries have a marked impact on their environmental footprints. These impacts could be understood by the review of entire lifecycle of the product starting from the time it is conceived until the time of disposal of product after end of its useful life. The consideration of product life cycle should be given utmost priority in the organisational decision making because only at designing stage of a product which is to be sustainable, enormous gains could be achieved rather than even a thorough optimization of existing process. 4.1.
Abstract Evolution of supply chain management and logistics domain has seen several factors, both global and local, interplay and interact with each other to refine the supply chain practices. This refinement of supply chain management and logistics practices are endless as newer and newer challenges emerge in the volatile and ever changing global market place. An effective supply chain can make companies profitable as well as adaptive to the changing market requirements. The key to smooth functioning of any such effective supply chain is based on the availability of information. Information technology (IT) provides the tools required to extract the information, process and analyses it and provide valuable insight which help in optimal decision