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Pages:
2 pages/β‰ˆ550 words
Sources:
6 Sources
Style:
APA
Subject:
Business & Marketing
Type:
Research Paper
Language:
English (U.S.)
Document:
MS Word
Date:
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Topic:

Module 3 SLP: Business Processes Procurement and Fulfillment

Research Paper Instructions:

This SLP will focus on Enterprise Systems that support a Procurement Department in an organization. All organizations have Procurement departments. If you are in the military, police, or other Government agency, the functions may be accomplished by the logistics organization or by the contracting office. Before reading about Procurement Enterprise Systems, go to each of these websites and look at the responsibilities (i.e., the business processes) of a Procurement Department.
Steve P. (2013), Definition of Procurement Department, Retrieved from, http://www(dot)ehow(dot)com/about_6711466_definition-procurement-department.html
The Supply Chain Resource Cooperative (2011), Role of procurement within an organization, Retrieved from, http://scm(dot)ncsu(dot)edu/scm-articles/article/role-of-procurement-within-an-organization-procurement-a-tutorial
GovWin (2010), Government procurement process, Retrieved from, http://govwin(dot)com/knowledge/procurement-process
Once you have an idea of what business processes Procurement departments accomplish, take a look at Enterprise Solutions for Procurement provided by one software company.
Go To: “Procurement” at SAP ERP website http://www(dot)sap(dot)com/lines-of-business/procurement/index.epx. The select the Explore Our Solutions link
For this SLP paper, select the Procurement functional area from the list above and review the site.
The direct link to the Procurement Functional Area software is: http://www54(dot)sap(dot)com/lob/procurement/software/overview/highlights.html
There are several solutions for Procurement. Pick one and expand in.
Now that you have general ideas about what a Procurement department does and what an Enterprise System that supports Procurement can do, please discuss the following questions specifically:
What are the potential benefits of one or more of the solutions identified by SAP? Specifically identify which solution or solutions you selected.
Do you agree with them? Discuss and analyze. Explain why you agree or disagree. Try and explain the benefit that the SAP solutions you selected bring to an organization.
Using the knowledge you gained on Procurement departments and Enterprise Systems that support them discuss how this enterprise module might be useful to your organization? In discussing this state whether your organization has or does not have, one or more Enterprise Systems for Procurement and whether the people that run them could use the tools you identified.
SLP Assignment Expectations
Your paper should be two to three pages in length, and reflect your personal experiences with this issue. The important part of all these project assignments is to carefully assess your own experiences with the topic, and then reflect critically on what you might have learned about yourself and about situations through this assessment process.
The more that you can use the exercise to develop personal implications for your growth as a potential business person as well as a knowledge user, the more value you'll get out of the exercise.
If there are reasons why the entire exercise is impractical for you to undertake at all, please explain them to your instructor as early in the Module as possible, so that an alternative assignment can be arranged.
Your paper will be evaluated on the following criteria:
Precision: You carried out the exercise as assigned, or carefully explained the limitations that might have prevented your completing some parts (running out of time isn’t generally considered an adequate limitation).
Clarity: Your answers are clear and show your good understanding of the topic.
Breadth and Depth: The scope covered in your paper is directly related to the questions of the assignment and the learning objectives of the module.
Critical thinking: The paper incorporates YOUR reactions, examples, and applications of the material to business that illustrate your reflective judgment and good understanding of the concepts.

Research Paper Sample Content Preview:

Enterprise Systems That Support a Procurement Department
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The SAP procurement and sourcing software assists procurement departments in streamlining procurement processes, driving compliance, and controlling and minimizing costs and risks. The SAP software provides an effectively pleasurable shopping experience for procurement departments, with automated integration with and approval flows of the largest business network in the world. The SAP software helps to transform businesses through efficient procurement and sourcing processes, effective collaboration with suppliers, and smoother operations with higher compliance and enhanced spend insights (Mikalef, Pateli, Batenburg and Wetering, 2014). SAP solutions offer potential benefits, which include travel management (automate booking, travel planning, and expense management), direct procurement (managing direct procurement activities to assist in mitigating risks), self-service procurement (automate approval flows and manage web ordering), invoice management (invoice handling to enhance cash flow), service procurement (capture and control spend categories of complex services), contingent workforce management (manage contingent labor and assess cost spent on staff), and strategic supplier and sourcing management (collaborate with suppliers and fulfills desired savings targets).
It is evident that the SAP software offers vital benefits to procurement departments. First, any procurement department can use the SAP software in contingent workforce management. By capturing the entire presence of the workforce, the SAP software helps to enforce automatically the compliance of contracts to mitigate risk, minimize costs, enhance quality, and improve operational efficiency (Magal and Word, 2013). In this way, SAP software helps to identify good suppliers, streamline manual processes and automate the whole process of managing the procuring contract and temporary labor.
Secondly, procurement department can use SAP software for strategic supplier and sourcing management solutions to analyze contract processes and transactional data to create new saving opportunities, minimize costs and enhance efficiency in sourcing processes, manage the full contract lifecycle, manage and segment key suppliers in their entire lifecycle, and assess supplier risk and performance (Kale, 2013). Thirdly, the SAP software offers direct procurement solutions to enhance operational efficiency and sourcing of direct materials. The SAP solutions help to automate and standardize processes for spot sourcing, daily requisitioning, contract releases, and creating order purchase for planned goods. Therefore, procurement team can negotiate for and create better capture of strategic sourcing and enhanced cost savings during contract and sourcing cycles.
Fourthly, the SAP software assists in travel management solutions to link expense management with business travel to capture costs and expenses. Expense management and travel management are integrated into a single mobile and cloud-based platform which links to the existing business systems. In this way, SAP software simplifies analytics, expense reporting, approvals, reimbursement, booking, and reporting. T...
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