Cost Saving Sustainability in Private Sector Procurement
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This dissertation proposal aims to research the impact of cost savings in private sector procurement and identify challenges, effective negotiations, techniques, and stakeholder views. The proposal includes a literature review, research methodology, timeline, and references.
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Runninghead:COSTSAVINGSUSTAINABILITYINPRIVATESECTOR PROCUREMENT Cost saving sustainability in private sector procurement Name of the Student Name of the University Author Note:
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2COST SAVING SUSTAINABILITY IN PRIVATE SECTOR PROCUREMENT Table of Contents Chapter 1: Introduction........................................................................................................3 Research Aims and Objectives............................................................................................3 Research Questions..............................................................................................................3 Chapter 2: Literature Review...............................................................................................4 Chapter 3: Research Methodology......................................................................................5 Research Philosophy........................................................................................................5 Data Collection Procedure...............................................................................................6 Data Sampling Procedure................................................................................................6 Sample Size.....................................................................................................................6 Data Analysis Technique.................................................................................................6 Ethical Considerations.....................................................................................................7 Chapter 4: Timeline:............................................................................................................8 Reference...........................................................................................................................10
3COST SAVING SUSTAINABILITY IN PRIVATE SECTOR PROCUREMENT Chapter 1: Introduction The foremost determination of this dissertation proposal is to research on the impact of cost savings in the private sector procurement. The different categories of cost savings are important for the private sector procurements as it helps them to survive in the adverse business conditions and have a competitive advantage over the other private organizations as well (Venkatesh and Luthra 2016). Research Aims and Objectives This unit of the paper will be highlighting the objectives of this proposal which are as follows: oTo identity the different challenges for cost-saving sustainability in private sector procurement. oTo identify how effective negotiations are being carried out in private sector procurement. oToidentifydifferenttechniquesforcostsavinginprivatesector procurement oTo consider stakeholder’s views in the private sector procurement on the benefit of having transparent bidding process. Research Questions The research question of this proposal is to make probable recommendations regarding the ways of sustainability and improving the cost saving in the public sector procurement (Ruparathna,and Hewage 2015).
4COST SAVING SUSTAINABILITY IN PRIVATE SECTOR PROCUREMENT Chapter 2: Literature Review As discussed by Meehan and Bryde (2015), effective procurement process is a top priority in most of the public sector industries. The researchers of the paper focus on the different categories of costs in the public sector industries such as the overheads costs, maintenance costs, since the funding of the projects is a lengthy procedure so there is a need to control and manage the different types of cost from the initial level. The researchers of this paper stated about the importance of the transparent bidding process regarding the management of the external stakeholders of the business such as the suppliers of the raw materials and sales and marketing teams (Young, Nagpal and Adams 2016). The main advantage of the paper is that the researchers of the paper also focuses on the management skills of the projects such as their ability of negotiation, these abilities can have a significant impact on the growth and productivity of the organization (Badi and Pryke 2016). However, the limitation of the paper is that it does not provides a case study to understand the real time applications of the bidding procedure. As stated by Patrucco, Luzzini and Ronchi (2016), there are different categories ofchallengeswhicharefacedbytheprivatesectorsregardingthecostsaving sustainability especially during the adverse business conditions such as recession and inflation where the prices of the commodities, technologies and labour fluctuate. The researcher of the paper also highlighted the necessity of the talented resources to deliver the desired products of the consumers (Agarchand and Laishram 2017). Removal of the unnecessary costs can be hugely beneficial for the public sectors as stated by the author. Reduction in the working capital and increase the use of asset utilization are the two most beneficial aspects of cost-saving sustainability as discussed by the researcher (Roman
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5COST SAVING SUSTAINABILITY IN PRIVATE SECTOR PROCUREMENT 2017). The prime drawback of this paper is that it only discusses the aspect of cost-saving sustainability from the point of view of the internal stakeholders such as project managers. As stated by Uttam and Roos (2015), cost saving is a huge business perspective which are increasingly used in most of the public sector industries. The researchers of this paper provided recommendations on the ways to sustain and improve the cost saving procedures in the public sector organizations (Prier, Schwerin, and McCue, 2016). According to the researchers, shifting the consumer expectations, new channels of communication for the consumers, the involvement of the thirds party in cross border operations and digital transformations are the prime recommendations for the strategic cost reduction through procurement (Buniaminet al. 2016). Strategic partnership with suppliers is one of the ways to sustain cost saving in public sector as mentioned by the researcher. The most significant benefit of this paper is that the data which are presented are all based on critical analysis and the data are taken from reliable sources (Hanson 2015). The main limitation of the paper is that it does not focus on the importance of transparentbiddingprocessastransparencyensurestheprotectionofconfidential business information, the public procurement principles such as accountability and integrity are also not discussed in this paper. Chapter 3: Research Methodology Research Philosophy: The philosophy which is going to be used in this proposal is the Realism as the ideas and concepts which are going to be described will be based on human senses. The data collection procedure suits this research philosophy.
6COST SAVING SUSTAINABILITY IN PRIVATE SECTOR PROCUREMENT Data Collection Procedure: The data collection procedure of this proposal will be considering both the secondary as well as the primary data. The secondary data will be collected from reputed peer-reviewed journals where researchers from all over the world have stated their opinion about the impact of cost savings in private sector procurement. The secondary data have been already presented in the literature review unit of this proposal. The primary data will be collected from a personal interview with two experienced personnel who has years of experience working in the private sector procurement. The personal interview will be through telephonic conversation where different questions will be asked to him related to the topic as well as discussions will be made on this topic. DataSamplingProcedure:Thisproposalwillbehavingtwodifferent categories of sampling methods and each of them will be having its own importance in findings reliability to the paper. The data sampling procedure is much important for the data analysis of the collected data from the two data collection procedures. The two different categories of sampling technique which will be used in this dissertation proposal are the non-probabilistic sampling method and the probabilistic sampling method. Apart from these two sampling methods a random sampling method will be also used to understand the topic with a different perspective. Sample Size: The sample size regarding the primary data collection procedure is 2, which means primary data will be collected from two individuals. Data Analysis Technique: The data which is going to get collected from the personal telephonic interview will have to be analyzed so that conclusions can be
7COST SAVING SUSTAINABILITY IN PRIVATE SECTOR PROCUREMENT deducted from the raw data. This proposal will be having two different categories of data analysis technique. The two data analysis techniques are the qualitative data analysis techniqueandthequantitativedataanalysistechnique.Quantitativedataanalysis technique is applied to the numerical data which can be found in our primary data collection procedure from two experienced personnel. Qualitative data analysis technics are generally applied on journals, books and other sources where there are minimum numeric values. The numerical values will be considered on the basis of the statistical analysis tools. Based on the numeric value control sheets, graphs and other pictorial representations can be useful to understand the collected data. The trending aspects of the topic can be also understood with the help of quantitative data analysis. Different concepts and themes will be added along with the data collected from the personal interview. Regarding the analysis of the qualitative data, it can be said that this data will be evaluated due to the thematic approach. Ethical Considerations: There are few ethical considerations of this proposal which is going to be discussed in this unit of the paper. During the primary data collection procedure, the participant should be allowed to express his/her opinion about the topic without any external pressure. The participant must not stay biased during the telephonic interview round. The data collected from the participants should be only used for this paper and the security and the protection of the raw data collected from the participants should be in hands of researcher of this dissertation proposal. Regarding the secondary type of data collection procedure, it can be said that the researchers whose works are being incorporated into this proposal as a secondary data should be given proper credit. Reference unit of this paper should be highlighting the contributions of
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8COST SAVING SUSTAINABILITY IN PRIVATE SECTOR PROCUREMENT those researchers who data were presented in the literature review unit of this dissertation proposal. Limitations of the study There are few limitations associated with this paper such as the followings: oMore time was needed as the primary data from a group discussion could have contributed more. oAvailability of the resources such as the selection of the correct secondary data and professional statistical tool. oAvailability of the participant before and after the telephonic interview. oData analysis procedure has to be kept confidential. Chapter 4: Timeline: Task10th Feb to 15th Feb 16th Febto 20thFeb 21st Febto 28thFeb 1st March to10th March 11th March to15th March 16th March to20th March 21st March to23rd March Topic Selection Data Collection from scholars Research design Review collected data Interpretation of primary data
9COST SAVING SUSTAINABILITY IN PRIVATE SECTOR PROCUREMENT Review collected primary data Conclusion from the data Drafting Submission Table 1: Time frame of each tasks of this proposal (Source: As created by the author)
10COST SAVING SUSTAINABILITY IN PRIVATE SECTOR PROCUREMENT Reference Agarchand,N.andLaishram,B.,2017.Sustainableinfrastructuredevelopment challenges through PPP procurement process: Indian perspective.International Journal of Managing Projects in Business,10(3), pp.642-662. Badi, S.M. and Pryke, S., 2016. Assessing the impact of risk allocation on sustainable energy innovation (SEI) The case of private finance initiative (PFI) school projects. International Journal of Managing Projects in Business,9(2), pp.259-281. Buniamin, S., Ahmad, N., Rauf, F.H.A., Johari, N.H. and Rashid, A.A., 2016. Green Government Procurement Practices (GGP) in Malaysian Public Enterprises.Procedia Economics and Finance,35, pp.27-34. Hanson, J.H., 2015. Critical factors for sustainable food procurement in zoological collections.Zoo biology,34(5), pp.483-491. Meehan,J.andBryde,D.J.,2015.Afield-levelexaminationoftheadoptionof sustainable procurement in the social housing sector.International Journal of Operations & Production Management,35(7), pp.982-1004. Patrucco, A.S., Luzzini, D. and Ronchi, S., 2016. Evaluating the effectiveness of public procurement performance management systems in local governments.Local Government Studies,42(5), pp.739-761. Prier, E., Schwerin, E. and McCue, C.P., 2016. Implementation of sustainable public procurementpracticesandpolicies:Asortingframework.JournalofPublic Procurement,16(3), pp.312-346.
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11COST SAVING SUSTAINABILITY IN PRIVATE SECTOR PROCUREMENT Roman, A.V., 2017. Institutionalizing sustainability: A structural equation model of sustainable procurement in US public agencies.Journal of cleaner production,143, pp.1048-1059. Ruparathna,R.andHewage,K.,2015.SustainableprocurementintheCanadian construction industry: challenges and benefits.Canadian Journal of Civil Engineering, 42(6), pp.417-426. Uttam, K. and Roos, C.L.L., 2015. Competitive dialogue procedure for sustainable public procurement.Journal of Cleaner Production,86, pp.403-416. Venkatesh, V.G. and Luthra, S., 2016. Role of sustainable procurement in sustainable manufacturing operations: an indian insight. InStrategic Management of Sustainable Manufacturing Operations(pp. 132-148). IGI Global. Young, S., Nagpal, S. and Adams, C.A., 2016. Sustainable procurement in Australian and UK universities.Public Management Review,18(7), pp.993-1016.