Posted: May 3rd, 2016

Define procurement and explain why operating resource procurement is a top management issue

1. Define procurement and explain why operating resource procurement is a top management issue.
2. Explain why operating resource procurement processes equates to controlled chaos.
3. Discuss the key differences between buy side and sell side applications.
4. Define buy side e procurement, requisitioning, opportunities, applications, solutions, and integration issues.
5. Briefly describe the buy side requisitioning process and buy side requisitioning integration issues.
6. What are the elements of sell side e procurement solutions?
7. Discuss core technologies and enabling technologies. Provide examples for each.
8. Briefly discuss the seven steps in the e procurement manager s roadmap. Include your assumptions on why each of these steps is important. You might discuss the degree to which you feel each step is important. Where applicable, apply these concepts to your organization.

1. Managers use the information form what if scenario analysis to create simulation models that allow them to anticipate inventory fluctuations. Explain the value in doing this and provide examples