Apply trade-offs while choosing procurement strategies

Question

Assignment Task: After completing the assignment, the student will be able to:

A) Apply trade-offs and a system's approach while choosing procurement strategies for a company and export-import strategies

B) Understand the principles of HS-codes system and should be capable of compiling a description of goods for customs purposes using software

Answer the following questions:

Question 1: How important is procurement when developing a business Strategy.

Question 2: Write a detailed note on Vendor Rating and Vendor Selection.

Question 3: Elaborate on CSR and why is it important for any organisation.

Long answer questions: First of all chooses the company and then check below details:

Question 1: How important is procurement when developing a business Strategy:

I. what is the procurement?

II. Functions of procurement?

III. Important of procurements in any organization

IV. Benefits of the procurement

Question 2: Write a detailed note on Vendor Rating and Vendor Selection

I. What is the Vendor Rating?

II. Talk about the VR in details with the parts and functions

III. Important of VR

IV. What is the Vendor selection?

V. Vendor selection criteria

VI. Talk about the VS in details with the parts and functions

VII. Important of VS

Question 3: Elaborate on CSR and why is it important for any organization:

I. What is the corporate social responsibility CSR?

II. Why it's important?

III. What is the benefit of the CRS for the organization?

IV. Example of the CRS participation.

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