MNP3703
ASSIGNMENT 1 SEMESTER 1 2025
UNIQUE NO.
DUE DATE: 10 APRIL 2025
, MNP3703
Assignment 1 Semester 1 2025
Unique Number:
Due Date: 10 April 2025
Supplier Relationship Management
Introduction
Procurement plays a critical role in the overall success of any organization by ensuring
the timely acquisition of goods and services necessary for business operations.
Strategic procurement is no longer just about cost savings but involves aligning
procurement practices with broader organizational goals. This assignment explores
various procurement frameworks and concepts, including the Triple Bottom Line (TBL),
the classification of bottleneck products, characteristics of fixed contracts, and external
factors influencing procurement strategy. Understanding these aspects enhances the
ability of procurement professionals to make informed decisions in dynamic business
environments.
Question 1: Triple Bottom Line (TBL) Framework
The Triple Bottom Line (TBL) is a sustainability framework that evaluates the
performance of an organization based on three key dimensions: People, Planet, and
Profit.
1. People (Social Impact): This dimension focuses on how procurement practices
affect stakeholders, including employees, suppliers, and local communities.
Ethical sourcing, fair labor practices, and supplier diversity are key components.
For example, a company may choose to work with suppliers who do not exploit
labor or who invest in community development.
ASSIGNMENT 1 SEMESTER 1 2025
UNIQUE NO.
DUE DATE: 10 APRIL 2025
, MNP3703
Assignment 1 Semester 1 2025
Unique Number:
Due Date: 10 April 2025
Supplier Relationship Management
Introduction
Procurement plays a critical role in the overall success of any organization by ensuring
the timely acquisition of goods and services necessary for business operations.
Strategic procurement is no longer just about cost savings but involves aligning
procurement practices with broader organizational goals. This assignment explores
various procurement frameworks and concepts, including the Triple Bottom Line (TBL),
the classification of bottleneck products, characteristics of fixed contracts, and external
factors influencing procurement strategy. Understanding these aspects enhances the
ability of procurement professionals to make informed decisions in dynamic business
environments.
Question 1: Triple Bottom Line (TBL) Framework
The Triple Bottom Line (TBL) is a sustainability framework that evaluates the
performance of an organization based on three key dimensions: People, Planet, and
Profit.
1. People (Social Impact): This dimension focuses on how procurement practices
affect stakeholders, including employees, suppliers, and local communities.
Ethical sourcing, fair labor practices, and supplier diversity are key components.
For example, a company may choose to work with suppliers who do not exploit
labor or who invest in community development.
