BSBPRC502 - Manage Supplier Relationships Assignment

Assignment Task

Description

This assessment is a self-paced task that allows you to demonstrate some of the knowledge requirements for this unit. You do not require access to other people, but you will need to use your study guide. You will need to submit your assessment online.

Question

1. Supplier relationship management

Details

Supply relationship management (SRM) is essentially a toolkit designed to manage the relationship with your suppliers in a collaborative and strategic manner. Use a table format like the one shown below to provide the following information.

a. Identify the seven key features of procurement supplier relationship management.

b. In your own works, provide a brief explanation of the importance of each feature.

2. Monitor, review and evaluate supplier performance

Details

Supplier performance management (SPM) assists in the analysis, measurement and management of supplier performance. Use a table format like the one shown below to provide the following information.

a. Identify four methodologies that can be used to monitor, review and evaluate supplier performance.

b. Provide a brief explanation of each process.

3. Manage and resolve supplier disagreement

Details

The art of negotiation is about reaching compromises and seeking ways to find acceptable outcomes. Once the negotiation process is underway, the techniques and strategies come down to human interactions, use of power and personalities. Use a table format like that shown below to provide the following information.

a. Identify three key techniques to successfully manage and resolve problems, such as supplier disagreements.

b. Provide a brief explanation of each process.

4. Policies and procedures

Details

Policies and procedures will be required to support and guide business operations and relations in accordance with the SRM strategy. Use a table format like the one shown below to provide the following information.

a. Identify at least three key features of policies and procedures related to each of the following categories of policy:

• conduct and ethics
• procurement
• tendering and contracting.

b. For each policy category, identify at least one example of a relevant policy from your workplace

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