1 Assignment
Section 1: Preparation of procurement contract and supplier requirements will include the following:
•Define elements of make or buy decisions; sourcing plans; terms and conditions; and requests for information, quotation, and proposal (RFI/Q/P)
•Provide a statement of work with defining technical, quality, and delivery requirements with notional schedule and cost baselines
2 Assignment
Section 2: Management of the supplier requirements will include the following:
•Detail what you would expect your suppliers to provide in a request for information, quotation, and proposal (RFI/Q/P)
•Provide guidelines for how you would evaluate these elements once they are submitted by the supplier
•Discuss the general approach to documenting and managing the contract
3 Assignment
Section 3: Close out contracts will include the following:
•List the elements that are typically used to manage supplier performance
•How will the company be verifying receipts?
•What will the invoice process and contract closeout process be, and why is this important?
Section 4: Summary section will include the following:
•Executive Summary (or an introduction to your Procurement Life Cycle)
•Conclusion or recommendation