How should a buying organisation identify the appropriate products for purchasing through an online auction.

Principles of Strategic Procurement

Module Assessment

Question 1) How should a buying organisation identify the appropriate products for purchasing through an online auction.

Question 2) How should suppliers be selected for participation in the online auction.

Question 3) What process and criteria would you use for awarding the business to the supplier(s), after the online auction event.

Instructions
Your answer should be approximately 2,000 words (10%) in length (excluding: title page, tableof contents, introduction, conclusion, tables, figures, reference list and appendices).

You needed to introduce the relevant ideas and concepts discussed in previous Procurement lectures.
Use relevant references to support your arguments throughout.
A minimum of 10 references are required in total.
Each question should be allocated an appropriate number of words, in accordance with the above marking scheme.
All sections and sub-sections need to be numbered.
All tables and figures need to be numbered, titled, and referenced.
Apply spell-check and carefully proof read your document before submission.

Q1: Item / Product Selection
1) Critical evaluation of why "category" or "segmentation approach" is important for procurement strategy.

2) Critical discussion on portfolio / segmentation matrix.

3) Appraise which product segments are more suited for online auction.

4) Analysis regarding the features of items that are more suited for online auction.

Q2: Supplier Selection

1) Assessment of the supplier selection and evaluation process in the context of online auctions.

2) Evaluate possible sources of supplier information.

3) Discuss how to assess range of supplier capabilities.

4) Critical analysis regarding the steps required in the prequalification process / shortlisting criteria / award terms and conditions.