Individual Project

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Unit 1 - Individual Project

Deliverable Length: 1,500–1,800 words

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Assignment Description

Weekly tasks or assignments (Individual or Group Projects) will be due by Monday, and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.

Draft a memo to a chief executive officer explaining the procurement contract process. Include the following elements:

· Provide a general description of the procurement contract life cycle.

· Explain why a company would want to use contracts.

· Describe the benefits to a company that uses this process.

· Provide an example of a company that successfully uses the procurement contract life cycle and how that company has benefited from it.

Unit 1 - Individual Project

Deliverable Length: 600–800 words

View objectives for this assignment

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Assignment Details

Assignment Description

Weekly tasks or assignments (Individual or Group Projects) will be due by Monday, and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.

Write a paper of 600–800 words that discusses the following:

· Identify at least 5 of the risks or challenges today of the global sourcing concept.

o Discuss how a firm's global sourcing manager may address tow of these.

· Given these challenges, what are at least 3 advantages of sourcing products or product components from global sources versus just a firm's own countries’ suppliers?

Please submit your assignment.

Reading Assignment

Arnold, Chapman and Clive: Chapters 1, 2, 4; Chapter 7: pages 162 - 164

Assignment Objectives

·Discuss the various elements of a material control system.

Other Information

Instructions:

The paper should include a discussion of challenges such as the following:

· Political unrest

· Risk of nationalization of suppliers

· Foreign exchange rate risk

· Ocean transportation risks and delays

· Possible lower quality

· Communication difficulties

The paper should also include a discussion of the following:

· Lower costs

· Eventual access to those same foreign markets as their governments will more likely let the firm begin selling products there

· Possible higher quality if made on more modern equipment

Instructor's Comments:

In academic writing, students should strive to be clear and concise in order to convey their ideas in an understandable way. Long sentences composed of uncommon words make for cumbersome reading and often times do not make any sense. Choosing the right words and keeping the prose simple and direct, in general, is the best approach to comprehensible expression.

Academic writing is formal; a few common mistakes to avoid are using slang, sentence fragments, colloquialisms, and contractions. Students should become familiar with the American Psychological Association (APA) Publication Manual Sixth Edition. This important reference details the guidance to follow in academic writing at CTU. All written work, including DB posts, should be in proper academic writing form.

Additionally, ensure that your writing is structured correctly with complete sentences, paragraphs, and proper grammar and spelling. Remember to keep academic writing formal, avoid over generalizing, making unsupported statements, and using personal language. The primary goal of academic writing is clarity, so as you are starting to write, focus on the message and developing the proper APA writing style.