Writing Samples

4 Step Category management process to meet the organization’s key objectives in Procurement and Supply Chain Management

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Many buying organizations are adopting category management as a way to improve value though sourcing and supplier relationship management. What is Category Management Procurement Category management is “the process of overseeing and maximizing the financial and operational value of a group of related commodities, products or services” (ISM Glossary 6th edition). The group of related commodities, …

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How To Write Annotated Bibliography in MLA Format in 5 Easy Steps

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So, your teacher told you to write an Annotated Bibliography in MLA Format, or maybe your teacher calls it a Works Cited page. Don’t stress out. They sound scary, but they aren’t that hard. An Annotated Bibliography in MLA Format is kind of like a spork. It’s just two separate assignments that got mashed up into one. If you just do them one at a time, it’s easy. Following are some easy steps to write an Annotated Bibliography in MLA Format:

11 Incoterms 2020 Rules of which Every Supply Chain Manager should be Aware.

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Transportation costs often comprise a significant portion of the cost to obtain a product and, therefore, should be carefully evaluated. There are 11 incoterm rules 2010 and 2020 of which every supply chain manager should be aware of. International transportation terms (Incoterms® rules meaning and definition) The most frequently used international terms for transportation are known …

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7 Steps to Evaluate Competitive Offerings to Win Bid And Identify the Overall Best Offer For A Product Or Service in Procurement and Supply Chain Management

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The evaluation of supplier proposals and bids to determine the best overall competitive offering for a product or service is one of the primary responsibilities of supply management. Each situation should be handled in the manner best suited to its circumstances. However, adopting an overall framework for proposal and bid evaluation, whether your suppliers are …

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Six Problems Related to the Solicitation Process and Receipt of Offers in Procurement and Supply Chain Management

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During the course of competitive quoting, problems may arise that require action by the organization. Such problems typically include one or more of the following: Time extensions and amendments to solicitation — If one supplier is granted a time extension to respond to a bid request, all suppliers must be notified that they are granted the …

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8 Types of Bonds and Other Types of Surety to be used in Procurement and Supply Chain Management

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In general, bonds increase the cost of bidding and tend to reduce competition. The use of bonds does not guarantee financial recovery. Failure of suppliers to meet the performance requirements of a contract can generally be handled by the organization’s legal department. Bid bonds — Bid bonds bring a third party into the transaction. A bid …

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26 Terms and Conditions of Solicitations and Offers while Doing Contracts in Procurement and Supply Chain Management

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Types of Contracts — A contract consists of both custom and standard terms and conditions. Standard terms and conditions are those that an organization wants to apply to every contract. Standard terms and conditions may deal with issues such as changes to the contract, cancellation, subcontracting, confidentiality, delivery, shipping, indemnity, legal venue, applicable laws, inspection, payment …

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8 General Solicitation Process and Concepts in Procurement and Supply Chain Management

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Comparability — To provide a common baseline for evaluating bids, all suppliers must receive the same information in the solicitation package. The buying organization must document the baseline for comparison and determine the evaluation criteria, which must be applied consistently across all bids received. If the organization provides additional information to suppliers during the solicitation process, …

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Five factors for Bidder’s Conferences in Sourcing and Supply Chain Management

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When to use — Some bid proposals are simple. Others are more complex due to specifications, the number of suppliers bidding, the amount of business to be awarded, the critical nature of the resulting contract, and so on. For those bid situations that are more complex, a prebid or preproposal conference may be an appropriate way to …

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18 Types of Formal Solicitations and Its Process in procurement and Supply Chain Management.

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The Solicitation Process in Procurement and Supply Chain Management In some cases, such as for low-volume commodity items, the sourcing process may be simple: Items can be selected from suppliers’ catalogs or websites, often by the internal customer, at prices that have been negotiated in advance by supply management professionals. In other cases, with low-value …

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