Essays on The Procurement Processes and Practices of 7 Eleven and David Jones Case Study

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The paper 'The Procurement Processes and Practices of 7 Eleven and David Jones" is a good example of a management case study. Business entities and agencies have the tendency of using such stages to evaluate or check their procurement actions in relation to the best practice recommendations. The procurement process tends to be similar or common to the diverse categories of procurement. These stages include analysis of needs, approval of funding, project procurement plan, service provider selection, contract management, and procurement evaluation. The purpose of this research paper is to evaluate or examine the procurement processes and practices of two business organizations operating in Melbourne, Australia.

From the critical evaluation of the procurement processes of the two business entities, it is appropriate to note that they tend to incorporate the aforementioned essential stages Introduction Procurement refers to the action of an organization, institution, or individual to buy goods, services, and works from any external source. From a general perspective, the procurement process has the tendency of incorporating six broad stages. Business entities and agencies have the tendency of using such stages to evaluate or check their procurement actions in relation to the best practice recommendations.

It is noted that the procurement process tends to be similar or common to the diverse categories of procurement. Moreover, the relative significance or importance of the diverse stages within the process depends on the type, as well as the size of the procurement activity under the proposal. These stages include analysis of needs, approval of funding, project procurement plan, service provider selection, contract management, and procurement evaluation. The purpose of this research paper is to evaluate or examine the procurement processes and practices of two business organizations operating in Melbourne, Australia. Comparative Profiles of the Organisations One of the business entities of interest to the development of this research paper is 7 Eleven.

The objective of the company is to serve up the classic Slurpie, as well as other confectionery.

References

List of References

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Yund, W., Ryan, J. K., & Jin, Y. 2012. Design of Two-Stage Procurement Processes with Imperfect Information on Supplier Capabilities. In IIE Annual Conference. Proceedings (p. 1). Institute of Industrial Engineers-Publisher.

Murray, J. G. 2014. Procurement Fraud Vulnerability: A Case Study. EDPACS, 49(5), 7-17.

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Nemec, J., Mikušová Meričková, B., & Grega, M. 2014. Procurement Management and its Impact on the Results of Externalisation.

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