Global Procurement Essay Example | Topics and Well Written Essays - 1750 words

Global Procurement - Essay Example The purchase in general includes the raw material that would be needed, the kind of expertise that would be needed to be acquired, the capital and budget allocation (Monczka, et al., 2010,205). All these can be evaluated and estimated in advance in form of process purchase model. General steps of purchase process include the invoice, bidding, solicitation of bids, and purchase at hand (Howes & Robinson, 2005). The paper further looks into most suitable purchase process models, along with number of organizations and their activities as to how they go about the process purchase models. List of successful organizations has been presented in the paper which explain how they have integrated and adopted the process models, what elements have been included and what other have been excluded. The model depicted in the figure has eight basic elements starting with internal customers, and ending with the suppliers who provide the end product or service. The overall process model can be divided into two phases, with first four elements making up for the first phase, while the second part consisting of latter phase. The first phase is preparatory and inside the laboratory phase, while the latter is pertinent to post delivery, evaluation and assessment in response to the product or service offered. The intermediate steps include specification evaluation, choosing the suppliers for respective process, formulating the contract procedures. Follow up, supplier dealings make up for the final part of the entire process (Havey, 2009). While the model provides description of the two phases of overall activity, it fails to cover up number of sections which are important and should be part of the overall homework plan for the purchase process model. These activities include the following: The first short coming is in form of scheduling. Scheduling enables knowing what to do and when to do. Scheduling enables