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MGMT 935, Contract and Purchasing Management Your Name: Date: Title: calendar week 2 SAMPLE WEEKLY STUDY REPORT Terms, Concepts, and Principles _________________________________________________________________________ Grading establish on a scale of 1 to 10. TOTAL honest SCORE = 248/28 = [8.9] (1) gear up or Buy decision [10] The activity behind choosing whether a yield has to be fabricate within the company or out side of a company while keeping availability and production electrical capacity in mind. EG: DELL computer assembles custom laptops upon orders made by customer, however every component of that laptop is not manufacture by DELL, which parts are to be manufactured in-house v/s purchased from an outside vendor to create the end product is when DELL applied Make or Buy closing. www.investopedia.com http://www.investopedia.com/terms/m/make-or-buy-decision.asp (This is the correct cite for the Make or Buy Decision from Investopedia, not the URL you provided.

) (2) In sourcing / Outsourcing [8] Assigning an internal resource to a project or department within the company instead of hiring from outside is In sourcing Outsourcing is as a way for companies to save money it is utilize by different companies to reduce costs by transferring portions of tend to outside suppliers rather than completing it internally. www.investopedia.com http://www.investopedia.com/terms/i/insourcing.asp#axzz1orIUpnLR (This is the correct URL) (3) How does a company go about find organizational need prior to purchasing? [8] Purchasing is fundamentally of two types: One track of purchasing is for resale, the second form is purchasing for consumption or transformation. Purchasing for resale is associated with company who are associated with retailers and wholesalers. The transformation purpose purchasing is for manufacturing industries or industrial purchasing. A company buying objective is usually to increase mesh by... If you want to get a full essay, order it on our website: Ordercustompaper.com

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