The bidding procedures have brought several challenges to the entire department. As the project head, I see to it that we can follow a strategic plan from inviting suppliers to present proposals to closing a contract from one of the suppliers that has passed the eligibility checked. It’s easier said than done. A procurement plan is simpler than the actual process. In the preceding paragraphs, I will explain in details the highlights of my role as the project manager and procurement head. As I’ve said, my role has been associated from the very start of the procurement procedure which involve expert judgment and using appropriate criteria to identify the scope of work that best suit our current project few suppliers has presented on our department during the opening of bids. Prior to that, I and my committee would develop a qualified sellers list that would enumerate several companies that offer similar projects of standard quality. I am studying, not only the present standing of these suppliers, but their completed projects over the past years. This examination will include product or service package like discounts, after sales service, warranty and the like. Our invitation to bid letters will be sent to the chosen suppliers who have passed our criteria. This process makes the work simpler rather than allowing all companies, manufacturers and service providers to participate the sealed bidding. The tasks do not end here; the project would be awarded not only for the sellers who have offered the lowest price. Price is deceiving at times. Our criteria for selecting one or few sellers to participate on the contract are brands and end users feedbacks about them. Statistics won’t like so I used to collect feedbacks from different types of end users. One of the trickiest parts is contract negotiation, as a project manager, I always see to it that the contract would always in favour of the company. Based on the several experiences from procurement of ICT infrastructure to enhance our E-Ticketing System to repair and renovation of tourist train coaches, I have always come up with an outstanding contract with our awarded suppliers. That was made possible with the help of my committee. More heads are better than one. Nevertheless, before the contract can be finalized, our decision will be submitted to the contract department. We have in-house experts who are tasked to re-examine our reports before the purchased order and contacts will be released and signed. Despite of the presence of our in-house experts on the contract and purchasing department, my part on the planning and decision making of the procurement committee is a very important factor of the success of the project. I did most of the plan and control. I will tell you more about the behind scenes of the procurement management. Success is always associated to risks and failures. Despite of feasibility studies and similar researches, I also deal several procurement risks. As a project manager, I also developed a solid procurement risk management plan to solve anticipated risks. In conducting research, I always remind my committee to consider both pros and cons. Prevention is better than cure. I strongly believe that this is very applicable to business. To maximize the return of investment, I always look for a practical, well-structured plan to start the project. Some common examples of risks are unrealistic schedule set by
My Experience as a Project Manager of IRTC As a project manager, I have an adequate experience of procurement management since the start of my position in Indian Railway Catering and Tourism Corporation (IRTC). It was challenging but I enjoyed most of my tasks…
Taking a look at the automotive industry, it is not hard to make out that the business tops in terms of revenue considering that almost all individuals use or have ever used anything from the automotive industry (Warren, Reeve & Duchac, 2012). The term, automotive industry, is used to describe the companies and organizations that deal specifically with motor vehicles, motorcycles and the rest.
The focus would be on the untapped markets, enlargement as a company and coming up with plans for development. It was clear that there was lack of uniformity in the information set up of the organization. This resulted to inaccuracy and inefficiency. Potential business and customer information was also not well documented due to poor record keeping methods by the staff.
Among the roles that were required to be executed include; end user roles, business analyst and team leader role. Whereby, the consultation cost for the vendors was $140 per hour, business analysts, and cost was $120 per hour, programmers and testers was costing $100 per hour.
Moreover, stakeholder management process helps an organization to develop a communication plan in order to realize a significant public prestige of the assigned project. Communication about operating and building a depot is an important factor for effective realization process (Heldman, 2009).
More importantly, it should be noted that project management is characterized by a lot of changing demands and managers must always find ways and means of meeting such demands. There has always been a question on whether project
For this there is a need of creating a list of cultural, financial, legal and economic factor that must be considered by Autoedge about the location of its manufacturing operations. Some of the members of the board may
Conversely, inelastic demand refers to minimal change in quantity demanded as price of commodities changes. It is worth noting that items with elastic demand include durable items that are infrequently purchased. Nevertheless, for the case of Autoedge that deals with motor
Since the external environment of this business is quite competitive, it is upon the top management of this organization to come up with strategies which will ensure that we emerge as the best alternative in the market. However, all these can not be
Immediately after the earthquake, emergency medical teams were dispersed in Wenchuan County to take care of the injured. On the same day, more than 50,000 army officers and policemen were dispatched to assist in
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