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Pie
2 years ago
5

Week 1: Roles and Responsibilities in the Procurement Cycle

Business
1 answer:
sp2606 [1]2 years ago
6 0

The project's procurement cycle (plan, conduct and control) according to the PMBOK Guide has as its central objective that external procurement for the execution of the project effectively meets your needs.

<h3>Planning</h3>

Planning corresponds to the stage where the purchasing requirements for the project are identified. A working document is developed with a detailed and specific request for proposal and invitation to bid.

It is in the planning phase where potential suppliers and vendors for hiring are identified.

<h3>Conduction</h3>

During the conduction phase, the acquisition agreements are signed and a plan for project management is carried out, with information regarding the cost, budget and schedule of the chosen supplier.

<h3>Control</h3>

In the control phase, it is up to the project manager to review the agreements, monitor the flow of work, progress and team performance to meet the budget and schedule.

Find out more information about procurement cycle here:

brainly.com/question/22590420

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Which of the following activities of the design for six sigma (DFSS) seeks to refine designs to identify and eliminate potential
s2008m [1.1K]

Answer: (B) Design optimization

Explanation:

 The design optimization is the process of the design methodology in which we using the various types of optimal design for solving the designing related problems and issues in the system.

According to the given situation, the design optimization is one of the type of activity for designing the six sigma and it basically helps in achieving the high reliability and also ensure all the design are easily assembled and manufactured properly.

Therefore, Option (B) is correct.

3 0
3 years ago
As the ceo of a mid-size airline, karyn knows that most commercial airplanes are manufactured by either airbus or boeing. To mit
Tems11 [23]

To mitigate the <u>bargaining</u><u> power of suppliers</u> of the airline industry, karyn explores options for her company to manufacture its own airplanes.

<h3>What is bargaining power of suppliers?</h3>

Bargaining power of suppliers occur when companies or organization are under pressure  when the price of the product they purchase from a supplier increase or when their is scarcity of the product.

Based on the scenario in order to mitigate Bargaining power of supplier karyn by telling the company to produce their own product.

Therefore to mitigate the <u>bargaining</u><u> power of suppliers</u> the  company should  manufacture its own airplanes.

Learn more about Bargaining power of suppliers here:brainly.com/question/26500183

#SPJ1

7 0
2 years ago
HELP!!!
Anarel [89]

Answer:

About 250 ; 2000 bicycles

Explanation:

Opportunity cost simply means the loss incurred on a certain option when the alternative opruoonos chosen.

The opportunity cost of increasing shoe production from 10,000 to 20,000 pairs

The value of 20,000 (x axis) on the y axis is about 3750

Value of point A in the y - axis = 4000

Hence opportunity cost = (4000 - 3750) = 250 bicycles

B.)

The opportunity cost of increasing shoe production from 50,000 to 60,000 pairs

The value of 60,000 (x axis) on the y axis is about 0

Value of point B in the y - axis = 2000

Hence opportunity cost = (2000 - 0) = 2000 bicycles

3 0
3 years ago
Omega Company has sales of $300,000 and cost of goods sold of $200,000. The cost of goods sold is a variable cost. The Company i
kiruha [24]

Answer:

A. the company's gross margin is $100,000, while its contribution margin is $60,000.

Explanation:

Under the gross margin, the net income would be

= Sales - cost of goods sold

= $300,000 - $200,000

= $100,000

Under the contribution margin, the net income would be

= Sales - cost of goods sold - variable operating expenses

= $300,000 - $200,000 - $40,000

= $60,000

Under the gross margin, no operating expenses would be considered whereas for contribution margin, only the variable operating expenses is considered

6 0
3 years ago
While acting as an agent of innovation, the salesperson invariably encounters openness and acceptance from consumers in the latt
8090 [49]
<span>False. While acting as an agent of innovation, the salesperson invariably encounters openness and acceptance from consumers in the latter stages of the diffusion process.  Innovation agents are able to implement the design thinking approach to the current work processes, use the processes to fit the current process and meet business goals. The </span>salesperson encounters different acceptance from consumers in the early stages of the diffusion process. 
3 0
3 years ago
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