Objectives and Guidelines
The purpose of this Course Project is to apply the various purchasing elements that you encountered in the course. This is an individual project. This is not just limited to lesson and textbook; you may use personal experiences, interview coworkers, and use the DeVry’s online library databases to assemble the information to be contained in this report.
You will serve as a product buying manager or purchasing manager and will select a specific product, component, or commodity from a select company of choice (e.g., semiconductor chips, face masks, vaccines, capital equipment, raw materials for reworking such as wire, aluminum, fabric, etc.) to produce a Product Buying Report.
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The company can be your existing company or a company that you are interested in. Additionally, you can opt to create a fictitious company or a start-up company.
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In selecting and presenting the data you will assemble; you should indicate what use a buyer will make of this information.
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Based on what you determine from your research, you are expected to make a recommendation about whether the chosen product should be acquired and how you would plan to negotiate its purchase.
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The selected product will be the subject for all parts of the project, and you will be writing the Product Buying Report from the perspective of a Product Buying Manager or Purchasing Manager.
Please note that this is a Product Buying Report and not an RFI, RPQ, or RFP.
Course Project Part 1
Select a specific product, component, or commodity (e.g., computer chips, capital equipment, raw materials for reworking) that will be used to produce a Product Buying Report.
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You will create a Project Proposal to identify and discuss the product selected for project.
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You will discuss the intended use for the product and the requirements to be met by the item purchased. To do this effectively, you should create a scenario explaining the background of these requirements, as well as all of the buying influences that need to be considered.
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Your Project Proposal for week 6 should be no more than six pages, not including title and reference page and include the sections below. These sections focus on the product that you select.
1.
Title Page
2.
Executive Summary: This is a one-page summary of your overall report. Recognizing that many executives will only read this portion of your report, you are expected to summarize the key information, critical data, and your final recommendation.
3.
Intended Use and Requirements: In this section, you are to outline the intended use for the product and the requirements to be met by the item purchased. To do this effectively, you should create a scenario explaining the background of these requirements, as well as all the buying influences that need to be considered.
Note that this is an appropriate time to consider make versus buy versus partner factors; however, because this is a buying report, your analysis should support the attractiveness of the buy alternative.
4.
Available Products: In this section, you are to catalog the available products that might meet these requirements and the characteristics of those products. These characteristics, which would include classifications, grades, and properties that distinguish one product from another, need to be defined. From this list of available products, you will select one for detailed investigation.
5.
Technical Product Data: This is where you outline the technical data required to specify and inspect the quality and suitability of the selected product.
THE CHOSEN PRODUCT IS: BLUETOOTH SPEAKER
