PJM 400 Colorado State University Procurement and Contract Management Project

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Business Finance

pjm 400

Colorado State University Global Campus

PJM

Description

NOTE: This option will focus on procurement from the procurement management perspective and will include discussion and analysis of project management. You may want to select this option if you are not getting a degree in Project Management.

For this option, you will write a paper presenting a complete procurement management process for an organization of your choosing. The paper will be based on the procurement practices of an organization you have researched. The elements you must include are:

  1. Requirements - Planning the Procurement
  2. Requisitions - Conducting the Procurement
  3. Solicitations - Requesting Seller Response
  4. Awards - Selecting Sellers
  5. Administration
  6. Contracts, Incentives, and Risks
  7. Quality and Closure

You are building on the work you've completed in the discussion forums and Critical Thinking Assignments. Be sure to incorporate feedback you have received along the way.

Your paper must have:

  • An introduction. Use your introduction to summarize and define your topic, including a clear statement of the procurement goal.
  • A discussion or body that must include:
    • A discussion of the implications of proposed solutions for procurement and contracts. Also, be sure to properly organize your writing and include other headings/subheadings for the body of your work associated with each of the bulleted items above.
    • A discussion of how procurement works within project teams to facilitate the needs of projects.
    • A discussion of how procurement works within a global environment to facilitate the needs of projects.
    • Your evaluation and conclusion regarding possible methods of managing or addressing the problem raised by your opinion on the issues (supported by research). Relate your paper to larger (broader) procurement and contract management issues as found in the course readings.
    • Current, relevant research from at least 6-8 credible sources that are not used as readings in this course. At least three references must be peer-reviewed, scholarly sources and the rest may be trade or professional procurement management You may certainly use your textbook and course readings but these do not count as part of the required 6-8 sources. The CSU Global Library is a good place to find your resources. Cite and reference all sources used.
  • A conclusion

The paper is expected to provide a thoughtful analysis on the topic. You are encouraged to add your own opinions, but these should be carefully considered and supported by evidence or outside rationale.

Note: This project has two Portfolio Milestones:

  • By the end of Week 3, you should secure approval from your instructor regarding your topic.
  • By the end of Week 5, submit a detailed outline of your Portfolio Project paper for review and feedback from your instructor.
  • You will be expected to account for the instructor's feedback in your final version of the paper.

Your paper should be 8-10 pages in length (not counting the cover and reference pages that you must include) and conform to the CSU Global Writing Center.

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Explanation & Answer

Please view explanation and answer below.

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Sustainability in the Procurement Process of PepsiCo

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Sustainability in the Procurement Process of PepsiCo
PepsiCo, Inc. is an American international food, snack, and beverage firm with
headquarters in New York. It is involved in the production, marketing, and delivery of grained
snacks and beverages. PepsiCo is geared towards respecting the rights of all employees and local
communities in its operations as well as value chain. It supports the safety, wellbeing, and
equality of employees in its value chain to guarantee its success and that of suppliers. PepsiCo
anticipates that its suppliers should observe the same principles of integrity to which the
company holds itself. Hence, all suppliers, sellers, contractors, and agents doing business with or
on behalf of PepsiCo are expected to adhere to the Supplier Code of Conduct (SCoC) and all
other pertinent guidelines as a condition of conducting business with the company. The firm’s
Sustainable Sourcing Program (SSP) is a supplier involvement program that entails risk
assessments, 3rd-party audits, corrective action, and capacity building (PepsiCo, Inc., 2021). The
firm has purchasing classifications with time-bound pledges as well as sustainable sourcing.
Procurement teams employ such tools as supplier scorecards to assess and compare the
performance of suppliers against set anticipations. Hence, PepsiCo, Inc. seeks to ensure a
sustainable procurement management process.
The Contract Management Process
Requirements: Planning the Procurement
The procurement process at PepsiCo begins when a business unit requires goods or
services from an outside supplier. Procurement planning involves ascertaining organizational
requirements to be met by purchasing goods or services external to the firm. This procedure
entails defining whether to secure, how to secure, what to secure, how much to purchase, and
when to do that (Rendon & Rendon, 2016). Procurement planning comprises outsourcing

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scrutiny, describing the procurement need, carrying out market study, and creating initial
budgets. The 1st step entails pinpointing and combining the requests of all business units in a
firm (Patowarya, 2019). This offers visibility into spend areas and classifications to ascertain
areas for cost savings through spend assessment. Because of the big assortment of goods that the
PepsiCo manufacturers, it defines the most suitable product mix to achieve profitability. Attaining the
best profitability helps reduce and mitigate investor risks. Thus, the procurement planning process at
PepsiCo is sustainable because of risk reduction to help protect investors against investment
losses.
Requisitions: Conducting the Procurement
After business units pinpoint their requests, the next stage entails identifying prospective
vendors who could supply the products and services. The process entails web searches
(Patowarya, 2019). Some of the assessment metrics comprise pricing, service quality, industrial
repute and credits, warranty provisions, as well as customer service. After the analysis, the
supplier to provide the greatest value and the pricing gets the pact. At PepsiCo, the SCoC is the
basis of the SSP because it provides what is anticipated of suppliers regarding honesty and anticorruption, labor contracts, health and wellness, and environmental supervision. In addition,
suppliers are supposed to communicate and execute the SCoC and appropriate policies in their
entire supply chains. PepsiCo’s SCoC is centered on accepted universal human rights standards
and bans forced and child labor. Being compliant with PepsiCo SCoC is a part of the company’s
supply contracts. The SCoC exists in twenty five languages, and PepsiCo offers online training
for suppliers to comprehend the principles within (PepsiCo, Inc., 2021). The firm sought to
ensure sustainable procurement in 2018 by reviewing its SCoC to make clear its anticipations
regarding key matters, comprising forced labor and migrant employees’ safeties, privacy, anti-

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corruption, working hours and relaxation, environmental safety, and grievance methods. Thus, to
be considered a PepsiCo supplier, one is supposed to adhere to the firm’s SCoC and SSP to
guarantee sustainability.
Solicitations: Requesting Seller Response
The next stage involves requesting seller responses by obtaining quotations, bids, and
proposals from dealers. Vendor responses comprise how to meet requirements at set costs.
Typically, vendors are given time to create proposals to help negotiate contra...


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