1. GSCM Planning Project
1. Explainhow conducting an organized and systematicsourcing process wouldbenefitthe
purchasing departmentat KiwiMart (KM).
The firststepin the sourcingprocessisto conduct internal needs analysis;theywould
implementthisby keepingtrackof inventoryandplanschedule shipments.
Step2 isconduct suppliermarketassessment;theywouldimplementthisbyfinding
mostcost efficientwaytosupplythe goodsatthe lowestrisk,determine labourcosts
and transportationcosts,affordabletokeepgoodsaffordable
Step3 iscollectsupplierinformation,theywouldimplementthisbyfindingasupplier
withhighlevel qualitystandards,low risks,andcost.Chose the mostreliable supplier
withthe bestreputationorchoose more than one supplier.
Step4 is developasourcingstrategy,theywouldimplementthisbydetermininghow
theywill make theirpurchasesandformingapartnershipdependingoncompany
strengths
Step5 is solicitandevaluate bids,theywouldimplementthisbypreparingarequestsfor
proposal includingproductspecificationsanddeliveryrequirements
Step6 is negotiate withsuppliersandselectwinningbids,theycouldimplementthisby
determiningcostsandresponsibilitiesof the winningsupplier
Step7 is implementsupplychainimprovements,theycouldimplementthisby
developingacommunicationplan andasystemformeasuringsupplierperformance
It wouldbenefitthe purchasingdepartmentbyof KiwiMartbecause itwill avoidrisks,
keepthemorganizedinasystematicfashionthatisrepeatableforall suppliesand
purchases,choosingthe mostcostefficientwaystoachieve goals, andreceive product
shipments.
2. What form of partnershipwould helpimprove both KM and Plexet’ssupplychains?
3. How would Plexetbenefitfromadoptinga JIT (Just inTime) approach to production?
4. Explainthe advantages KM and Plexetwouldreceive fromimplementinganinventory
managementsystem.