Tags |
|
|
Links |
|
|
Digg it UP - Better Procurement Practices are Required to Improve Productivity in Fiji
Most disappointed customers “vote with their feet,” and show their disdain indirectly by patronizing other, less offensive, or more satisfying establishments.There are no fireworks to signal their departure. No “ugly scenes” are made.And this is actually too bad, in a way.Companies and nonprofit organizations and even governmental units should be told that you’re displeased and that you’re intending to deny them future opportunities to let you down.You might be thinking, “I have no choice but to do business with the government,” but in many cases that’s not true.For example, I may be in California, bu
When a purchase is low on the product value axis and high on the market complexity axis, the ability to attract the interest of suppliers
Working alone as an entrepreneur poses all sorts of challenges which are quite different from those of employment. Fortunately it offers all sorts of rewards too.For natural systems, equilibrium is death. In their book "Surfing the Edge of Chaos," Pascale, Millemann and Gioja, draw lessons for corporations from natural systems, systems of communities in the world of nature. Part of their message is that for natural systems, equilibrium is death and as illustrations they draw on the experiences of American corporations. They go on to describer the need to disturb or threaten the system sufficiently to bring it to
An element of productivity which is seemingly ignored on the input side is the cost of purchasing goods and services. The act of taking possession of a good or service, or procurement, has developed rapidly along with supply chain management as a science over the last twenty years.
A nation which imports goods and services at the high level Fiji does needs to learn both these sciences and apply them, urgently.
Procurement is not a difficult science. It does however, like all sciences, have techniques to be learnt and applied.
A simple but effective technique to use as a buyer is the buying relationships matrix. Constructing this matrix allows a buyer to understand where their purchase is positioned with suppliers and develop strategies to suit.
The two dimensional matrix plots on one axis the product value, complexity and buyer strength from low to high. On the other axis the matrix plots market complexity, market risk and supplier strength from high to low.
When a purchase is low on the product value axis and high on the market complexity axis, the ability to attract the interest of suppliers i
The terms fundraising and fund development are bantered about almost interchangeably. But, there is a difference. Here’s my attempt at an explanation.Fundraising is probably the easiest of the two terms to define. It is activity that is conducted with the intention of raising money for a nonprofit organization or charity. It usually involves asking people for donations, using a variety of communication methods, asking people to purchase a product or service that supports the charity, or having people participate in an event of some sort. Some extend the definition of fundraising to include activities like sponsorship sales, wh
A nation which imports goods and services at the high level Fiji does needs to learn both these sciences and apply them, urgently.
Procurement is not a difficult science. It does however, like all sciences, have techniques to be learnt and applied.
A simple but effective technique to use as a buyer is the buying relationships matrix. Constructing this matrix allows a buyer to understand where their purchase is positioned with suppliers and develop strategies to suit.
The two dimensional matrix plots on one axis the product value, complexity and buyer strength from low to high. On the other axis the matrix plots market complexity, market risk and supplier strength from high to low.
When a purchase is low on the product value axis and high on the market complexity axis, the ability to attract the interest of suppliers
We might be in the electronic gaming era, but it’s more like a fun game of Monopoly this business for pleasure of sport franchise ownership. The stakes are high, spending free, and visible worries few.Despite the escalating fees for entry into the game, personal franchise ownership hasn’t been replaced by corporations. Of 121 big league professional sports franchises, only 15 have found their way into corporate hands. Most owners claim to be losing money which would explain takeover shyness of shareholder controlled companies. It’s nicer to think sole owners don’t want to sell because sports ownership is too much fun. A nice bre
Procurement is not a difficult science. It does however, like all sciences, have techniques to be learnt and applied.
A simple but effective technique to use as a buyer is the buying relationships matrix. Constructing this matrix allows a buyer to understand where their purchase is positioned with suppliers and develop strategies to suit.
The two dimensional matrix plots on one axis the product value, complexity and buyer strength from low to high. On the other axis the matrix plots market complexity, market risk and supplier strength from high to low.
When a purchase is low on the product value axis and high on the market complexity axis, the ability to attract the interest of suppliers
A business to business company differs from others in such that while the others cater to consumers, b2b caters to businesses in a particular area. The options and choices available upon thinking of going into this kind of business is not just profitable but diverse. Here you can offer blue collar services such as networking or marketing or white collar services like printing and janitorial services. In any case, a b2b or business to business company serves for the benefit of the other businesses in the area by providing them venues for outsourcing some of the work cheaply and effectively. This translates into a lower overhead for
The two dimensional matrix plots on one axis the product value, complexity and buyer strength from low to high. On the other axis the matrix plots market complexity, market risk and supplier strength from high to low.
When a purchase is low on the product value axis and high on the market complexity axis, the ability to attract the interest of suppliers
Growth of a business requires people to work on and not simply in the business. It is a very small amount of directors that actually understand what they are meant to do when they are a director.They must understand their duties and responsibilities for the business to be effective There is a school of thought that believes the business should run the directors and not the other way round.An effective business requires people working in the business not just on it. The majority of small businesses do not work - plain and simple. Over eighty percent of small businesses fail within the first three years.Most small
When a purchase is low on the product value axis and high on the market complexity axis, the ability to attract the interest of suppliers is low. The likelihood is that contracts will be more important than relationships, due to the difficulty in sustaining senior level interest from the supplier.
When the purchase is low on the product value axis and low on the market complexity axis, the purchase often involves 'commoditised' products and services. The strategy is to automate arrangements and processes, so as to reduce transaction costs, variability and amount of time and effort required to maintain supply and renegotiations.
When the purchase is high on the product value axis and high on the market complexity axis, the preferred strategy is to develop and maintain strategic alliances or partnerships with sustainable high-quality strategic suppliers. Ongoing collaboration and review are essential and relationships are likely to be more important than contracts.
Multiple relationships between buyer and seller organizations are likely to be very beneficial, and should be encouraged and enabled between as many counterpart levels and functions as necessary to attain mutual understanding of operational issues and implications for both sides.
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.diggitup.net/article/21962/diggitup-Better-Procurement-Practices-are-Required-to-Improve-Productivity-in-Fiji.html">Better Procurement Practices are Required to Improve Productivity in Fiji</a>
BB link (for phorums):
[url=http://www.diggitup.net/article/21962/diggitup-Better-Procurement-Practices-are-Required-to-Improve-Productivity-in-Fiji.html]Better Procurement Practices are Required to Improve Productivity in Fiji[/url]
Related Articles:
12 Phrases That Payses for the Phone
From Bank Clerk to Entreprenuer
Bookmark it:
|