Problem 1: Pareto Analysis is an important tool for a supply Chain practitioner.
- Provide a brief explanation of this theory.
- Provide two (2) examples of how Pareto Analysis maybe applied in the procurement role.
Problem 2: There are three (3) common procurement department structures that are generally used in organizations
- State the three (3) department structure names
- Select one (1) structure and provide two(2) advantages and two(2) disadvantages that apply when using this structure
- Provide an example of an organisation that would use this structure
Problem 3: The Product Life Cycle model is an important marketing tool, which a Procurement Specialist should understand and use to assist them in their role of managing inventory.
Answer the following questions in regards to the product life Cycle.
A. What are the names of the different phases of the Product life Cycle
B. Provide a example of product or service that is currently in the market, for each Product Life cycle phase.
C. Select one (1) of the phrases and your example product or service. Using these discuss the following
- The impact on the type of supply chain which should be generally used for the phrase,
- The phrases impact on the Procurement Specialist's demand planning for your identified product or service, and
- The phrases impact on the number of suppliers available and competition the organisation could anticipate