Dec 20, 2021 Uncategorized

Methods to Increase Purchasing Effectiveness

Instructions

In this assignment, you will examine pricing methods and apply supply chain analysis methods to increase effectiveness.

This assignment will assess your knowledge based on the following Outcome:

MT436-4: Apply analytical methods to increase purchasing effectiveness.

Part 1

Before negotiating prices with suppliers and setting prices for your own products, it is necessary to analyze the various pricing methods that companies commonly employ. Provide examples of suppliers or industries that are currently utilizing a price volume model, market share model, competition pricing model, and revenue pricing model. Clearly describe each supplier or industry and explain why you feel they use that specific pricing methodology. Then, describe your own company (choose a company of your choice) and for one of the products, and analyze which pricing methodology would fit best. Are they currently using the methodology you picked?

Part 2

There are various methods available to the manager for analyzing the supply chain effectiveness and discovering ways to increase effectiveness. Your book discusses a selection of these in Chapter 12 (project management, learning curve analysis, value analysis, process mapping, and value stream mapping). Select the one that best fits your organization’s situation and needs. Then, write a short proposal to your manager explaining in detail how this methodology might be used to improve effectiveness. Include the following elements in your proposal:

  • To what process/product this would be applied
  • What would the goals be?
  • Details on the analysis using the concepts described in the chapter
  • Who would be involved in this effort?
  • Requirements (data, funds, expertise, etc.)
  • How success would be measured? (Describe at least two metrics.)

Be as specific as possible. If your situation does not allow you to apply this to your organization, discuss this with your instructor ahead of time and make alternate plans.

Critical Elements:

  • Write your original response in Standard English, paying special attention to grammar, style, and mechanics.
  • Respond to the questions in a thorough manner, following the prescribed format and citing your sources using current APA guidelines. Include a title page and reference page in your paper. Review the APA formats found in the Writing Resources accessed through the Academic Success Center within the Academic Tools area of the course.
  • Ensure that your viewpoint and purpose are clearly stated.
  • Demonstrate logical and appropriate transitions from one idea to another.

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