Assignment task: Select any multinational laptop/desktop making company and cover on Principles of Buying areas/sections as follows:
A. Based on Purchasing Quality Management:
1. Explain in detail with examples for company selected the importance of Total Quality Management, it's implementation principles and drawing credible suppliers and establishing continuous improvement as way of life and making quality everyone's responsibility.
2. Explain in detail how selected company engages senior management full commitment on quality platform and drives on reducing variation, searching for improved quality is a never-ending cycle of design, production, and delivery followed by surveying customers. Summer Term 2023 Instructor: Jaison Mathews
B. Based on Supply Management and Development:
3. Explain in detail with examples for the selected company the importance of rationalization and optimization and creating a manageable supply base with consistent strategy for improvement and managing sustainability in the supply base.
4. Explain in detail for the selected company importance of continuous monitoring, measurement, evaluation, and analysis of supplier performance metrics in developing, managing and sustaining supplier performance management.
C. Based on Global Sourcing and Strategic Cost Management:
5. Explain in detail for the selected company importance of global sourcing related to Supplier Qualification and Selection Issues, increased supply risks, currency fluctuations, offshore business practices and lead time.
6. Explain in detail for the selected company importance of TCOs (Total Cost of Ownership) that includes purchase price, acquisition costs, usage costs and end-of-life costs.