Discussion: Global Procurement Strategies for Project Success

This discussion board post examines global procurement strategies, focusing on the importance of transparency and collaboration in managing international projects. The author analyzes the roles of procurement executives in fostering ethical practices and building strong supply chains. It also highlights the significance of cultural sensitivity and clear communication when dealing with suppliers from diverse backgrounds. The post emphasizes the need for project managers to consider various standards, regulations, and potential risks, while also aligning project plans with organizational objectives. Furthermore, it stresses the importance of supplier relationships and recognizing team achievements to ensure project success. The post also includes responses to fellow students' posts, further elaborating on the practical application of these strategies.

Running head: INTRODUCTION TO CONTRACTS AND PROCUREMENT
INTRODUCTION TO CONTRACTS AND PROCUREMENT
Name of the Project:
Name of the University:
Author’s Note:

1INTRODUCTION TO CONTRACTS AND PROCUREMENT
Response to “Alexandra Nazareth Saraiva”
The writer would mention that they accept apparently, and collective applies while
obtaining resources. Initially, transparency has a vital role in the “globalized procurement
management” procedure since nations are becoming substantial contractors in the globalized
market. It must accept transparency into their PM procedure. Procurement is the procedure of
agreeing and finding to terms, and obtaining properties, facilities, or mechanisms from an
outward resource, frequently through a presenting or reasonable bidding procedure. Procurement
usually involves constructing buying judgments under situations of insufficiency. The writer
mention strategy may support the supply chain; meanwhile, it tends to turn off the bid-rigging in
the market. Accordingly, the profits of this plan are the growing possibility of choosing
dependable servicers and procuring products and facilities that fulfill budget expectations and
quality (de Araújo et al., 2017). This writer efficiently describes that Procurement executives are
more expected to discuss complex agreements regarding numerous suppliers in order to balance
increases and losses between entire involved parts.
The word collaboration, it looks to be swapping the old procurement method in the
worldwide market, where one portion is more profited than another. It permits project groups to
cooperate across corporate, departmental, and general limitations and to principal rising project
difficulty. The writer also says the collaboration was delivering an optimistic and efficient
atmosphere for team associates to interrelate in translates to more established business and robust
workflow (Rendon & Rendon, 2015). Conversely, finding this transparency from probable
contractors may suggest directly on the obtaining executives because they must not only
implement the procurement management consequently to the project requirements and standards,
but they want to arrange their groups to act correctly.

2INTRODUCTION TO CONTRACTS AND PROCUREMENT
References:-
de Araújo, M. C. B., Alencar, L. H., & de Miranda Mota, C. M. (2017). Project procurement
management: A structured literature review. International Journal of Project
Management, 35(3), 353-377.
Rendon, R. G., & Rendon, J. M. (2015). Auditability in public procurement: An analysis of
internal controls and fraud vulnerability. International Journal of Procurement
Management, 8(6), 710-730.

3INTRODUCTION TO CONTRACTS AND PROCUREMENT
Response to “Saheliben Alpeshbhai Chaudhari”
In this report, the writer says that the project management at the universal level creates
global procurement and resourcing requirements. Individual plans are mentioned to project
executives to complete the project expertly. According to the writer's approach, the project lead
must pay concentration to different standards and conservational guidelines while collaborating
with shareholders working practically in order to evade any permissible restraints and other
threats related to external legal agreements.
The writer also says close responsiveness must be rewarded to the traditional alterations
while allocating with contractors and other procurement associates as it affects the statement and
acceptance of agreement terms between them (Purwoko, 2016). This approach is hugely practical
when the contractor and project directors are from dissimilar backgrounds and contracting with
universal projects. The report writer mentions that being the project lead, the project boss must
interconnect the entire term and circumstance to the suppliers and representative work
accordingly to evade any time break or financial lag later.
It is vital to recognize team associates whenever they touch a landmark and recompense
them accordingly (Waller, Wheaton & Asbury, 2016). These will inspire them to more laborious
effort and reach another success. Reveling the successes of a project is an excellent method to
track development levels while observing their team followers inspired. It is most excellent for
the PM to frame the time plan, cost, and financial plan of the project according to the
authoritative sources in the stellar atmosphere and also support the purposes of the business. So
finally, the writer states that supplier relationships are critical in universal procurement because it

4INTRODUCTION TO CONTRACTS AND PROCUREMENT
confirms the measure, feature, standard, and aspect of the sources and material compulsory from
them.
References:-
Purwoko, B. (2016). Bureaucracy and the Politics of Identity: A Study on the Influence of
Ethnicity on the Bureaucrat Recruitment Process in Sorong Selatan Regency, West
Papua, Indonesia. Indonesian Journal of Government and Politics, 7(4), 132141.
Waller, C., Wheaton, P., & Asbury, N. (2016). Mechanisms for inspiring action in South African
youth. African Evaluation Journal, 4(1), 1-10.