L/618/1231 – Procurement and Supply Management
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Centre Name |
Inspire London College |
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Qualification |
OTHM Level 7 Diploma in Logistics and Supply Chain Management |
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Unit number and title |
L/618/1231 – Procurement and Supply Management |
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Learner Name |
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Submission Date |
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Assignment title |
Procurement and Supply Management |
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The unit seeks to provide learners with a thorough understanding of procurement and supply management from a strategic, technological, process and relationship perspective. The goal is to provide insights on the role of procurement within supply chain management, the tools and techniques to assess sourcing options, the negotiation and contractual issues encountered with suppliers, effective supplier relationship management and technological enablers in procurement. |
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Learning OutcomesOn completion of this assignment learners should: LO1: Understand the contexts of procurement and supply Management LO2: Understand the application of tools and techniques for sourcing LO3: Understand approaches to finalise contractual agreements with suppliers LO4: Understand and manage the dynamics of relationships with suppliers |
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Word Count: |
Approximately 4500 words. |
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Styling Guideline: |
Please Strictly Follow these formatting guidelines to avoid assignment rejection. |
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Font Style: |
Calibri (Body) |
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Font Size: |
11 |
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Heading: |
13 (Bold) |
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Subheading: |
12 (Bold) |
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Bullets |
Use Consistent Bullet Style |
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Document type: |
Word Document (.docx) |
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Assessment criteria to be assessed in this assignment |
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Pass |
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Helping Notes are present in the Assignment worksheet that will aid you with your assignment. Moreover, you can summon tutor support. |
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Task 1
The above discussion will help you to achieve following Assessment Criteria: 1.1 Analyse the different sources of value addition in procurement. 1.2 Explain the main aspects of sourcing processes. 1.3 Analyse the impact of organisational policies and procedures on procurement. 1.4 Compare the different structures of a procurement function. |
Task 2
The above discussion will help you to achieve following Assessment Criteria: 2.1 Explain how costs and prices can be estimated for procurement activities. 2.2 Explain the main processes used for obtaining quotations and tenders from suppliers. 2.3 Develop selection and award criteria with regards to selecting suppliers. 2.4 Evaluate the role of technology in enhancing the efficiency and effectiveness of procurement. |
Task 3
The above discussion will help you to achieve following Assessment Criteria: 3.1 Explain the main types of contractual agreements between customers and suppliers. 3.2 Compare the types of approaches that can be pursued in commercial negotiations. 3.3 Evaluate the main methods that can influence the achievement of desired outcomes in a negotiation. |
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Task 4
The above discussion will help you to achieve following Assessment Criteria: 4.1 Apply portfolio analysis techniques to assess relationships with suppliers. 4.2 Explain the main approaches to conflict resolution in commercial contracts. 4.3 Explain the main techniques for supplier relationship management. |
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Suggested Resources
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Guidelines for completion and Submission |
Plagiarism and CollusionIn submitting the assignment Learner’s must complete a statement of authenticity confirming that the work submitted for all tasks is their own. The statement should also include the word count. ILC recommends the following to check plagiarism/similarity. https://www.grammarly.com/plagiarism-checker https://www.scanmyessay.com Learners are required to attach the similarity report in submission slot or email to tutor. Plagiarism and collusion are treated very seriously. Plagiarism involves presenting work, excerpts, ideas or passages of another author without appropriate referencing and attribution. Collusion occurs when two or more learners submit work which is so alike in ideas, content, wording and/or structure that the similarity goes beyond what might have been mere coincidence. ReferencingA professional approach to work is expected from all learners. Learners must therefore identify and acknowledge ALL sources/methodologies/applications used. The learner must use Harvard Referencing system to achieve this. Marks are not awarded for the use of English; however, the learner must express ideas clearly and ensure that appropriate terminology is used to convey accuracy in meaning. AppendicesYou may include appendices to support your work, however appendices must only contain additional supporting information, and must be clearly referenced in your assignment. You may also include tables, graphs, diagrams, Gantt chart and flowcharts that support the main report should be incorporated into the end of the assignment report that is submitted. Any published secondary information such as annual reports and company literature, should be referenced in the main text of the assignment, in accordance of Harvard Style Referencing, and referenced at the end of the assignment. Word Count PolicyLearners must comply with the required word count, within a margin of ±10%. These rules exclude the index, headings, tables, images, footnotes, appendices and information contained within references and bibliographies. When an assessment task requires learners to produce presentation slides with supporting notes, the word count applies to the supporting notes only. Submission of AssignmentsAll work to be submitted on the due date. All work must be submitted in a single electronic document (.docx file). Key Terminologies |
