Analysis On 7 Eleven Using Porter's Competitve Five Forces Fourah Bay College/ Tear 3 Assignment

1251 words - 6 pages

NAME ISHA MALLAID NO. 0830
LECTURER: MR. NEWCOLAS
ASSIGNMENT:
(1)List 15 documents use in procurement and supply process
(2) State and relate each document functions to purchasing and supply activities
1. Request for quotation
2. Pre- qualification
3. purchase order
4. Award notification letter
5. Order acknowledgement
6. Delivery note
7. Consignment note
8. supplier quotation, bid or tender document
9. Advice note
10. Specification and or service level agreement
11. Goods receive note informing receipts of the order
12. Quality inspectation forms
13. Invoice statement/ request for payment
14. Purchase requisition and bills of materials
15. Conformance order
(1) REQUEST FOR QUOTATION: One approach to initiating dealings with a supplier is to send an enquiry, request for information, request for quotation (RFQ) or request for proposal’ (RFP) to one or more suppliers. Suppliers may sometimes send in proposals without being asked, for standard items, or if the buyers requirements are known (eg) from market exchange or directories
(2) INVITATION TO TENDER- the organization may prefer t use a major formalized completive bidding r tendering procedure, in which pre- invitation to tender (ITT), or an invitation to bid for a contract, with the buyer intending to choose the supplier submitting the best proposal or the lowest price.
(3) PRE-QUALIFICATION QUESTIONNAIRES (PQQ) are a questionnaire assessing and organization’s commercial, technical and financial capabilities. It [provides a method of short listing interested suppliers meeting the required minimum qualification criteria.
(4) PURCHASE ORDERS (PO) is a commercial document issued by a buyer to a seller indicating types, qualities, and agreed prices for products or services the seller will provide to the buyer. Sending a purchase order to a supplier constitutes a legal offer to buy products or services. Acceptance of a purchase order by a seller usually forms a contract between the buyer and seller. APO is used to control the purchasing of products and services from external suppliers. Award notification letter an award letter is the decision notice sent out to the successful supplier(s) once the evaluation decision has been made. It is important to yet this right in order to manage the legal rick of a challenge and to avoid unnecessary delay in the award of the contract.
(5) ORDER ACKNOWLEDGEMENT- This form says we have received yours order and will meet your requirements except for. This tells the buying organization what the likely outcome of the purchase will be first of all it confirms that the suppliers has received the order hopefully, the supplier will not list any exceptions but sometimes stock shortages might mean the order cant be fulfilled for the time being. For example, if we order then units, we may be told that eight are in stock and can be delivered immediately, while the remaining two can be supplied a week later.
(6) DELIVERY NOTE: This is a document that very similar to the PO...

Find Another Essay On analysis on 7- eleven using porter's competitve five forces - fourah bay college/ tear 3 - assignment

Porter's Five Forces Essay

2326 words - 9 pages Introduction.'Competitive strategy is the bases on which a business unit might achieve competitive advantage in its market '.There are two factors for a firm to be profitable: the fetching appearance of the industry in which it operates and its position in this industry.The best known and most used set of competitive strategies are Michael Porter's Generic Strategies; he calls these generic strategies because they can be applied to a firm in any

The Porter 5 Forces Analysis Tool on 7-Eleven Convenience Stores in Malaysia

1213 words - 5 pages industry. Theoretically, the more powerful these forces in an industry, the lower its profit potential. The strength of each force differs by industry and changes over time. The competitive advantage that 7-Eleven has using these five forces is it has raised the barrier of entry for other competitors to enter the convenience store market as new competitors will require a huge capital investment in order to implement the information technology in their

Reflective piece on usefulness of Porter's Five Forces model

893 words - 4 pages In the first seminar of the term, I was observing how Porter's 5 Forces model (5F) can be used to analyse the strategic business dynamics of the European Forestry/Paper sector in the post 2004 European Union.5F is an analytical framework, which allows competitive dynamics to be systematically appraised in assessing existing and future profitability of markets/industries by analyzing the influence of particular characteristics of each of the five

Marketing Case Study on CLUST.com, an e-business company, 3 strategic alternatives with SWOT, Porter's five forces provided

779 words - 3 pages Criteria 5 TotalStrategy 1 5 6 3 5 8 28Strategy 2 9 8 3 4 4 18Strategy 3 7 5 10 8 6 36Weight .25 Weight .30 Weight .20 Weight .15 Weight .10 TotalStrategy 1 1.25 1.8 0.6 0.75 0.8 5.2Strategy 2 2.25 2.4 0.6 0.6 0.4 6.25Strategy 3 1.75 2.5 2 1.2 0.6 8.05Selection of strategic alternativeStrategic alternative number three will be selected as the best strategy to be implemented for clust.com. This will be the best choice for number of reasons. Firstly

Analysis of Audible.com Using Porter’s Five Forces

1567 words - 6 pages music device. The firm uses its Audible manager software in downloading, scheduling, managing and playing audio selections. The manager software also allows customers to listen and download spoken content and transfer to Audible Ready players. The firm is the exclusive provider of digital content. This essay analyzes Audible.com Porter’s five forces assist to evaluate where the firm’s power lie in a given market and the attractiveness of the

Airline industry and Porter's five forces

567 words - 2 pages 1.Use Porter's five forces of competition' framework to show how the structure of the airline industry has caused low profitability during the past twenty years.Below are Porter's five forces of competition. In them you will understand what has caused low profitability.The bargaining power of suppliers: Labor is the airline industry's largest single expense. Most airline workers belong to one of a dozen unions, which give the airline workers

Discussing Optus' Competitive Market Position by Using Porter's Five Forces Model

1707 words - 7 pages Discuss Optus' competitive market position by using Porter's Five Forces Model This essay will discuss Optus’ competitive market position through the analysis of Porters Five Forces Model. Optus, Australia's second largest telecommunications company is situated in a constantly changing environment, easily illustrated by Porters Model. Introduction of Porters Five Forces Model Porters Five forces model is an analytical tool developed by

Using SWOT, Value Chain, Porter's Five Forces and other variables in Panera Bread Company, USA

2543 words - 10 pages , mission and strategic objectives by using major processes like strategy analysis, strategy formulation, implementation and corporate governance•Analyzing the micro and micro environments of PBC•Using Porter's five forces model and concept of strategy groupings to make PBC have competitive advantage over their competitors.•Using resource base view and value-chain analysis to identify possible opportunities and threats for PBC.2

Adidas Case Study: SWOT analysis and Michael Porter's Five Forces Model, including strategic recommendations

2515 words - 10 pages company with its largest market share in Europe; therefore, the exchange rates between Germany and the U.S. should also be considered in the analysis of the external environment facing the company. At the time of the case writing, the exchange rates for Adidas were favorable. U.S. goods were expensive to German consumers, which probably encouraged many German citizens to seek Adidas products versus U.S. products that were more expensive. Likewise

Porter's Five Forces, online marketing advantages, and marketing ethics

1447 words - 6 pages of New York City. If one were to fly to New York City on Southwest, they would have to factor into their travel plans the additional travel cost and time to get from Long Island to the city.Looking at the other factors in Porter's Five Forces Model, the barriers to entry into the industry are difficult to overcome. A company would need to have a fleet of aircraft, proper licensing, and enough qualified staff to safely operate, all of which can be

Porter's Five Forces Model and The Movie Rental Business

916 words - 4 pages or partners better by supplying quality products and virtual service to promote brand lifting, customer feedback, great customer experience, and offering the right product to the targeted market. Porter's Five Forces Model is one of the frameworks that help businesses develop their market strategy and analysis. This paper will focus on the Porter Model to evaluate a prospective market entrance for a potential movie rental business. Therefore, the

Similar Essays

Ryan Air: Analysis Using Swot & Porter's Five Forces

2073 words - 8 pages operating a fleet of six aircraft, employing 350 people, carrying 700 passengers on just five routes , and it had recorded its first ever profit.Over the next couple of years, schedules on the key Dublin-London route wrew increased average air fares were lowered and new routes were launched from Dublin to Birmingham, Glasgow, Manchester, and Gatwick. The number of customers continued to grow, thanks largely to Ryanair's low fares. By 1994,Ryanair

Lowes’ Porter's Five Forces Competitive Analysis

1272 words - 5 pages by discounting, differentiating and adding extra value on the product or services. High level, intense rivalry may result with profit lost for the company. In most cases, new entrant barriers are high due to the intensity of rivalry (Porter, 2008). Lowes’ Porter's Five Forces Competitive Analysis As relevant to these competitive forces, the common and mutual goal of companies can be explained as better profitability with a greater market share

Porter's Five Forces Essay

803 words - 4 pages , 2008), although it is important to note that according to Porter, "the configuration of the five forces differs by industry" (Porter, 2008). To further assist strategic manager's in analyzing their industry, Porter's Five Forces can be further divided into sub-components. Therefore it is imperative that strategic managers assess the positive or negative effect each sub-component has on the main force as a whole so that they "can assess the

Porter's Five Forces Essay

2255 words - 9 pages few needs of many customers 2. Need-based positioning: serving broad needs of few customers 3. Access-based positioning: serving broad needs of many customers in a narrow market 3. Stockbrokers and Porter’s Five Forces Model The section will examine the competitive landscape in the stockbroker industry by using Porter’s Five Forces Model and identity a position in the industry where the forces are weakest. i) Threat of New Entrants in