Strategic Procurement Analysis & Redesign for PnuBioVax SME - SPMA7066
VerifiedAdded on 2022/10/11
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Practical Assignment
AI Summary
This assignment analyzes the procurement function, differentiating between tactical and strategic procurement approaches. It explores the merits and limitations of each, providing a clear understanding of their application. The analysis focuses on PnuBioVax, a London-based SME, and examines various sourcing options, including purchasing, project-based development, outsourcing, and business process outsourcing. The document highlights current best practices in procurement, such as establishing a government supply chain council, aligning the supply chain, leveraging technology, and focusing on total cost of ownership. It also identifies major developments in the field, including digital strategy, risk management, and the increasing focus on indirect spending and artificial intelligence. Finally, the assignment proposes a redesign of the procurement process for PnuBioVax, recommending the finalization of contracting terms and conditions, creating a recurring specification repository, adopting strategic sourcing, standardizing proposal evaluation, planning acquisitions in advance, and developing contract administration protocols. The assignment concludes with a comprehensive bibliography supporting the analysis.
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