This Study Resource Was: Due by 15 APRIL, 2021

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DUE BY 15th APRIL, 2021.
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NAME : Akib Zabed
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ID : 1812088030
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GROUP NO. : 07
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COURSE : SCM450
SECTION : 01
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INSTRUCTOR : MD MOFASSEL HOSSAIN [MOF]

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DEPARTMENT : DEPARTMENT OF MANAGEMENT

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YOU MUST ANSWER ALL QUESTIONS
PART – A : 20 POINTS
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PART – B : 30 POINTS
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TOTAL : 50 POINTS
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Note 1: All answers must be answered within the same page (inside the box) of the questions.
Note 2: Read and follow every instruction carefully and very accurately.
Note 3: Highlight for each important point of your answers (using bold or acceptable color).
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PART – A
1. Research, planning, and other costly processes are justifiable for a big purchase. But
companies experience small purchase demands also in a regular basis. These small
purchase demands are sometimes more frequent than big purchase demands.
Corporations always want to formalize all functions and develop processes for all kinds of
operations. These small purchases are so insignificant in terms of volume and monetary
value that following a process makes the purchasing of small items more costly in terms
of time and effort for such small purchase.
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Considering the above mentioned matter, can you suggest two solutions for a big
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company to manage the company’s small purchase function in the most efficient way?
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[10 Points]
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(Maximum three sentences for each solution using bulletin)
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The first solution is using the Purchase Order System.

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 Saving Money: A purchase order system helps a company to avoid duplicate

orders since it’s easy to pull up records for recent purchases.
 Simplify Records: Tracking incoming orders by matching them to purchase
orders in the company’s record-keeping system helps simplify inventory
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management.
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 Better Planning: Purchase orders make it easier to look up repeat orders of

similar or identical items, so the company can track what your business
purchased when, and for how much.
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The second solution is the company should step up with online suppliers for small
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purchasing.
 Time: Since the company will order through an online portal, they are not
going to waste any insignificant time.
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 Quality Assurance: The Company makes assure for the small purchase by
seeing the suppliers’ previous reviews from their clients.
 More Variety: Here the big company has the opportunity to take their
company to some other online shop where they can find the items according to
their requirement.
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2. Show a basic purchasing process. You can draw it or type it. You can draw on a page and
attach the photo of that page inside the given box below. Your answer must be
sequentially and logically correct. You must put arrow/indication between steps to show
flow of the steps. You should begin from demand requisition. [10 Points]
(Draw, type, or attach a clear photo within this box)
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PART – B
3. Write a note on Purchase Order (include its most important features). [5 Points]
Answer within this box
(Write maximum three points using bulletin)
Purchase Order is an official offer which is written by a buyer to a purchaser for requesting a vendor to
furnish goods indicating types, quantities, and agreed prices for products or services. The most important
features are shown below-
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 Purchase Requisition: This is a form of document that is used by a department for requesting
the purchasing department to order the raw materials.
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 Purchase order tracking: This is a process of tracking a purchase order step-by-step from
conception to the final delivery.
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 Data Analytics: This is the process where an automated purchasing order able to keep all kinds
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of data of purchase and this process helps to make business decisions more efficiently.
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4. Many business owners may seek justification for the expensive establishment cost of
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eProcurement in their businesses. Can you justify it precisely? [5 Points]

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(Write maximum two points using two sentences maximum using bulletin)
 Automates laborious tasks: Tasks such as selling orders and document management for
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purchase orders, monitoring and assigning suppliers, price bargaining, approve and stocking
supplier deals and more can all be automated between a company and its suppliers to improve
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the speed a company do business, freeing up staff for other tasks

 Visibility of your purchasing behaviors: eProcurement will give the company visibility into
what it wastes where this data is worthless and will help you regulate things such as non-
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compliant spending, identify areas for the merger of suppliers, or leverage buying power to
negotiate cost savings.
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5. Why is Supplier Recognition Program important? [5 Points]
(One full sentence, highlighting important words)
Supplier Recognition Program important for business because it is good for business, reflects
company’s corporate values, good for innovation, raises company’s corporate profile, and aligns
with the business and corporate values of partners.
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6. How can Early Supplier Involvement make difference? [5 Points]

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Early Supplier Involvement makes difference by assembling the raw materials of two companies early
for utmost outcomes which will cooperate to accelerate product development and identify product
designs that simply aren’t feasible as designed.
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7. Why is Supplier Evaluation needed? [5 Points]
The single compelling reason for Supplier Evaluation is needed, is helping to manage a company’s
risks where a big portion of business are dependent on the continuous and smooth flow of supplies
and if the continuity is interrupted, issues will appear soon.
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8. What do you understand about Sustainable Sourcing? [5 Points]

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The integration of social, ethical, and environmental performance factors is called sustainable
sourcing which is needed as supply chain management continues to expand globally into developing
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countries seeking lower cost and higher production efficiencies.

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* * * GOOD LUCK * * *
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MIDTERM

DUE BY 15th APRIL, 2021.

INSTRUCTOR : MD MOFASSEL HOSSAIN [MOF]

DEPARTMENT : DEPARTMENT OF MANAGEMENT

YOU MUST ANSWER ALL QUESTIONS

The first solution is using the Purchase Order System.

 Saving Money: A purchase order system helps a company to avoid duplicate

 Better Planning: Purchase orders make it easier to look up repeat orders of

(Draw, type, or attach a clear photo within this box)

Answer within this box

(Write maximum three points using bulletin)

eProcurement in their businesses. Can you justify it precisely? [5 Points]

Answer within this box

the speed a company do business, freeing up staff for other tasks

Answer within this box

(One full sentence, highlighting important words)

6. How can Early Supplier Involvement make difference? [5 Points]

Answer within this box

(One full sentence, highlighting important words)

Answer within this box

(One full sentence, highlighting important words)

8. What do you understand about Sustainable Sourcing? [5 Points]

Answer within this box

(One full sentence, highlighting important words)

countries seeking lower cost and higher production efficiencies.

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