Research Paper on Procurement

3298 Words Oct 22nd, 2011 14 Pages
Abstract
Procurement plays an important role in the supply chain management and good procurement management can shorten the production cycle, improve the production efficiency, reduce inventory and strengthen the emergency ability to the market. Nowadays, procurement management has captured the attention of many high-level executives while it is always overlooked by many small-sized businesses.

This research paper will show either similarities or differences or both with the purchase situations we studied in our organizations with the support of three case studies and three research articles. In the first section, we will have a comparative analysis of three academic research papers in terms of literature survey, methodology used for
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The previous one is more focused on the rational and mathematical part of selecting the particular supplier, while this one is focused on what strategy should be adopted in selecting supplier—supplier diversity.

In the case of the United States Postal Service, the business environment in which the Postal Service competes is increasingly competitive. If the Postal Service is going to succeed, then it must take full advantage of all resources available. That is exactly why The Postal Service is committed to providing opportunities to small, minority-owned, and wom¬en-owned businesses and views Supplier Diversity as an important business imperative.

In detail, The Supplier Diversity Corporate Plan is developed to ensure a continued focus on improving our supplier relationships with small, minority-owned and women-owned businesses (SMWOB). The Plan outlines a variety of discretionary activities that align with processes and procedures identified in the Postal Service's Supplying Principles and Practices:
1. Management Involvement
2. Communication/Outreach
3. Sourcing Considerations
4. Subcontract Management
5. Innovative Initiatives
6. Training and Development
7. Performance Management
8. Tracking Progress
9. Recognition

b. Methodology used for research
“PRM” employs the case study method of Hewlett-Packard Company to demonstrate the implementation of procurement risk management and its benefits. Similarly, “SDCP” also exemplify the main points

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