Growth Pattern

Question 1

Use at least one project you have been a team member of, or a project manager for, as an example to contextualize the research topics below:

• Define the importance of purchasing and supply management and how this relates to selecting a qualified supplier.
• Discuss how to select strategies for negotiating prices.
• Assemble the steps of the creation of a project supply, service, and material budget from detailed requirements. Illustrate the benefits and costs of outsourcing, and the growth pattern of outsourcing.
• Evaluation of the various organizations that are benchmarks in purchasing and supply management, and their best practices. Provide specific examples of companies who show market leadership in purchasing and supply management.

Question 2

Why do contracts include incentives? When is it best to use an incentive? How are contracts used to transfer risk?

Discussion question responses should be at least 200-300 words, referenced, and submitted by Thursday midnight.

By Sunday, respond to at least two other discussions started by your classmates. A response is a thoughtful suggestion that might serve to aid your classmate in research or writing. “Great idea” is not a sufficient response, in other words.