Purchasing Strategies Paper
Purchasing Strategies Paper
Purchasing Strategies Paper
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Purchasing Strategies
ISCOM 361 WEEK 1 Purchasing Strategies
Resources: Internet, University Library, Textbook
Write a 700- to 1050-word paper that defines the similarities and differences of the purchasing strategy you will use at each stage of the Product Life Cycle of your company’s specific product.
Identify a company or industry that you are either familiar with or one that you would like to become more familiar with. As a purchasing professional of the chosen company or industry, identify a purchased material or component that is used to produce a specific product.
Analyze how your purchasing strategies of this material or component will change depending on the different stages of the Product Life Cycle: Introduction, Growth, Maturity, and Decline. To perform this analysis consider the following questions:
Where does the purchased material or component fall in the Product Life Cycle? Is this a new technology or has this material or component matured within its market?
Do you anticipate product functional changes that will require revisions to the purchased material or component? How would the Product Life Cycle stages of the product being produced alter your purchasing actions?
At the different stages of the Product Life Cycle will you be more inclined to negotiate either contracts or purchase orders with the supplier?
How will you work with other functional areas within your company to determine the best purchasing strategy for each Product Life Cycle? Is the importance of cross-functional teams different depending on the Life Cycle stages?
How would you consider financial risk when determining your purchasing strategies?
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
Assignment Policies
Description
Class-
Please read all of the information about the assignments below:
FORMAT FOR ALL ASSIGNMENTS
The assignments are to be done in Microsoft Word with Times New Roman 12- point font. Each assignment should use the modified APA 6th edition format. The assignment templates are set up in this modified format. The reference page should be in the APA format for every reference. The word requirement for the assignments are specifically stated in the guidelines of the assignment. The word count is from the first word of the introductory paragraph to the last word of the conclusion paragraph. FYI.
REFERENCE REQUIREMENTS
1- There should be a cited reference for each section of a paper as there are conclusion statements in each section (to meet the grading criteria) so the conclusion should be supported by a reference as the assignments are evidence-based research, clinical papers.
2- Word Count- The word count is done from the first word of the introductory paragraph to the last word of the conclusion. The word count must be within the minimum and maximum word limit stated in the assignment instructions. A 10% – point reduction will be made in the total points for the assignment.
Week 1 and 5 assignments should have SIX studies. Week 5 assignment is a compilation of sections from the week 1, 2 & 3 assignments.
Weeks 2 and 3 need to have at least THREE studies in the form of research studies. Please make sure that you look at the instructions for the assignment as well as the grading rubric. I have also provided templates for ALL assignments. It is in your best interest to use these as it will guide you so that you do not make common formatting errors.
APA FORMAT FOR ASSIGNMENT
Please utilize the resources in the STUDENT SUCCESS CENTER if you have difficulty with APA 6th Edition format, grammar, sentence structure, punctuation or tense structure.
SUBMISSION OF ASSIGNMENTS
Always submit the assignment in the drop box for that assignment. I cannot accept any assignment as an attachment to an email sent to my college email. Attaching it to a posting to the Questions to Instructor Forum or the Individual Forum is also not accepted.
I cannot grade any assignment unless it is placed into the drop box by the student per university policy.
Turn-It-In / Lopes Write
This is to be used for the assignments for these three weeks (2, 3 & 5) and it is NOT required for Week 1. All assignments will be placed through Turn It In first and then submitted in the drop box on the course shell. No assignments will be accepted as attachments to emails as this is not the university policy.
Grading Rubric-
The rubric for each assignment is found in the upper right- hand corner of the assignment page under the Forum Tab. Compare the requirements of the rubric with your paper prior to submission into the drop box so you will receive full credit for all graded criteria of the paper.
Late Assignment-
Any assignment that is late will have 10% deducted each day it is late. This is a 5- week class. It is imperative that you ask for help if you are having difficulty with an assignment.
You need to contact me as soon as possible if an assignment will be late prior to the submission deadline.
