Identify a real or hypothetical project

Identify a real or hypothetical project

Subject: Business    / Management
Question

This assignment consists of two parts: a proposal and a selection matrix. After you complete each you will use your source selection matrix to select the optimal supplier for your company’s project.

Part 1:

Identify a real or hypothetical project (e.g., resurfacing the parking lot of an apartment complex) for which a product or service (like painting the parking-space lines after resurfacing is completed) must be procured during the execution phase.

Once identified, draft a proposal to include the following:

Project description.
Identification of the product or service that must be procured.
Identification of three possible supplies for this project (e.g., painting companies A, B, and C).

After completing the matrix, provide a reflection on the process for selecting suppliers. Identify at least one advantage and one disadvantage of the product selection process relative to another approach that could have been taken.

Part 2:

After identifying your hypothetical project, create a source-selection matrix in Microsoft Excel. In your matrix, list five criteria (e.g., price, proximity of headquarters to jobsite, supplier’s projection of how long the project will take, warranty duration, and attractiveness of payment terms) that are important in selecting one of the three alternative suppliers.

Once the source selection matrix is created and populated with suppliers and criteria, weight each criterion (using the same scale for all criterion), score each supplier relative to each criterion (using the same scale for all scores), and then multiply the weight of each criterion by the score for each supplier-criterion combination. Arrive at the optimal solution.

5-7 pages, not including title and reference pages
Kerzner, H. (2013) Project management: A systems approach to planning, scheduling, and controlling.    Read Chapter 8 and 19 – Chapter eight outlines the various categories of suppliers and 19 covers pro

Articles
Jin, Y., Ryan, J. K., & Yund, W. (2014). Sourcing decisions with competitive suppliers and imperfect information. Decision Sciences, 45(2), 229-254.
http://proxy1.ncu.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=95662661&site=eds-live    Read Article
Maser, S. M., & Thompson, F. (2013). Dispelling fear and loathing in government acquisition: A proposal for cultivational governance in DOD source selections. Journal of Public Procurement, 13(3), 289-314.
http://proxy1.ncu.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=91691241&site=ehost-live    Read Article
Sitar, C. P. (2011). E-procurement: A new method for optimizing the purchasing process. Managerial Challenges of the Contemporary Society, (2), 291-295.
http://proxy1.ncu.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=77410527&site=eds-live    Read Article

Turner, R. W. (2011). Supply management and procurement [electronic resource]: from the basics to best-in-class. Ft. Lauderdale, Fla.: J. Ross Pub.

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