Homework: Supply & Management
Use at least one project you have been a team member of, or a project manager for, as an example to contextualize the research topics below:
All of the following topics must be addressed in order for the paper to be complete:
a. Define the importance of purchasing and supply management and how this relates to selecting a qualified supplier.
b. Discuss how to select strategies for negotiating prices.
c. Assemble the steps of the creation of a project supply, service, and material budget from detailed requirements. Illustrate the benefits and costs of outsourcing, and the growth pattern of outsourcing.
d. Evaluation of the various organizations that are benchmarks in purchasing and supply management, and their best practices. Provide specific examples of companies who show market leadership in purchasing and supply management.
Format your homework according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.