MNP3703 Study guides, Class notes & Summaries

MNP3703 ASSIGNMENT 02 DUE 07 SEPTEMBER2023

MNP3703 Assignment 5 Semester % TRUSTED workings with detailed answers.

MNP3703 Assignment 5 Semester 2 2023 DISTICTION QUARANTEED

MNP3703 Assignment 5 2023 Fully Completed - Due 26th Oct 2023

ANSWERS AVAILABLE

MNP3703 ASSIGNMENT02 DUE07SEPTEMBER2023

MNP3703 Assignment 5 Semester 2 contains detailed workings explanations and solutions

How does supplier relationship management differ from strategic sourcing? (2 marks) Strategic sourcing can be regarded as a process whereby spending is analysed and categorised according to the importance and cost of the purchases, and the complexity of the supplier base. The supply base is then investigated to ensure that the correct relationship is formed with suppliers in the various categories of goods

Discuss the three functions in a contract that will be necessary to complete the level of compliance management. (6 marks) To manage a supplier's level of compliance with the contract, the following three functions should be in place: 1. Monitoring - Suppliers should be constantly monitored against the minimum requirements and key performance indicators set in the contract between the buyer and supplier. This comparison provides a mechanism to judge the performance of the supplier fairly. ...

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