Assignment: Research Paper A+ assignment

Aug 26th, 2016
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This research paper must demonstrate the understanding of new learning in the field of project management and how it relates to purchasing and supply management. This is an assignment with a length of ten to twelve pages that should integrate the reading, multi-media and class discussion boards. It is mandatory to have research from the classroom text, as well as three sources from the internet or online library to support your views. Consider the validity of your resources carefully before using them in academic papers. It is recommended to use examples from your professional experience where possible, or build from your learning in the discussion boards. Use at least one project you have been a team member or a project manager as an example to describe the topics below: The following topics must be reviewed in order for the paper to be complete:  The definition of procurement and contract management and the importance to the business world.  RFP selection tools and how to improve

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Running Head: RESEARCH PAPER1Research PaperNameCourseInstructorDateRESEARCH PAPER2An organization must have proper purchasing and supply management tools in order togain great importance within the business world. Within the purchasing and supply management,there are various steps in order to gain the needed outcome of a project. Purchasing and supplymanagement are obviously bigger than the traditional term of just purchasing. There are alsoresponsibilities of purchasing that go further beyond the traditional meaning. These can includereceiving, storage, inspection, scheduling, materials handling, inbound/outbound traffic anddisposal. It may also have responsibilities for certain other components that are part of the supplychain. These can include customers of the organization, their customers, and the suppliers oftheir suppliers. This is an extension that actually represents the other portion of the definition,supply chain management. This is where the focus is on minimizing costs and times across thesupply chain to the benefit of the final customer in the chain. The idea that competition maychange from the firm level to the supply chain level has been advanced as the next stage ofcompetitive evolution.(Leenders, Johnson, Flynn, & Fearon, p.5, 2006)Procurement management focuses on business decision making and buying processassociated with contractual aspect. It is concerned with supply chain in terms of minimizingtransaction cost, auditin

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