Project managementб purchasing and supply managem

Project managementб purchasing and supply management

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Project managementб purchasing and supply management

INSTRUCTIONS:
Focus of the Research Paper This final research paper must demonstrate the understanding of new learning in the field of project management and how it relates to purchasing and supply management. This is an assignment with a length of ten to twelve pages that should integrate the reading, multi-media and class discussion boards. It is mandatory to have research from the classroom text, as well as three sources from the internet or online library to support your views. Consider the validity of your resources carefully before using them in academic papers. It is recommended to use examples from your professional experience where possible, or build from your learning in the discussion boards. Use at least one project you have been a team member or a project manager as an example to describe the topics below: The following topics must be reviewed in order for the paper to be complete: The definition of procurement and contract management and the importance to the business world. RFP selection tools and how to improve the assessment of proposals. The concept of procurement planning and various strategies necessary for project success. How to select the most qualified vendor in a proposal. Evaluation of the contract and the legal aspects of procurement in a project. Comparisons of the critical elements of a contract including relationships between the client, supplier, completion terms and payment terms. The final Research Paper for the course must be submitted by to the instructor by 11:59 p.m. of the time zone in which you reside on the last day of the class. Writing the Research Paper The Paper: Must be ten- to twelve- double-spaced pages in length and formatted according to APA style as outlined in the approved APA style guide. Title, reference, and any exhibits or appendices are not counted in the paper length. Must include a cover page that includes: Name of paper Student`s name Course name and number Instructor`s name Date submitted Must include an introductory paragraph with a succinct thesis statement Must address the topic of the paper with critical thought. Must conclude with a restatement of the thesis and a conclusion paragraph Must use APA style to document all sources. Must include a final reference page that includes the references that you relied upon in constructing your paper per APA guidelines. Reference: Benton, W.C. Jr. (2010). Purchasing and supply chain management (2nd ed.). New York, NY: McGraw-Hill Irwin. ISBN: 978-0-07-352519-8.
CONTENT:
Name: University: Course: Tutor: Date: Research Paper Introduction There is a direct link between project management and purchasing and supply management as the later dictates the success of the former. Usually organizations are trying all they can to ensure that their supply chain is lean, effective and efficient. This can only be attained when project management concepts are successfully integrated to procurement, purchasing and supply management. It I worth noting that supply chain management is thought of as an active management of supply chain activities to take full advantage of customer value and realize a sustainable competitive advantage. Ideally the entire concept calls for firms to come up with better ways to effectively and efficiently manage supply chains. The major activities in supply covers issues relating to creation or development of a product, sourcing, production as well as logistics together with communication that facilitates coordination of the mentioned activities. On the other hand project management a project is a collection of tasks that is carried out by a team to meet an objective as defined by a sponsor (Luo, et al., 2009). It has a beginning and end date, a budget and risk. Every project is unique though all projects share one common characteristic which is the projection of ideas and activities into new endeavors. The unique characteristics include; clear objectives, task identification, sponsor(s), team, defined budget, risks identification and work schedule. For that matter project management is the application of knowledge, skills, items and techniques to project activities in order to meet or exceed stakeholder`s expectations. It has evolved to plan, coordinate and control the complex and diverse activities of modem industrial, commercial and management change and IT projects. All projects share one common characteristic – the projection of ideas and activities into new endeavors. The ever-present ...
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