Wednesday, May 13, 2020

Case Study Analysis Indian Railways - 1412 Words

Case Study Analysis: Indian Railways The case study of Indian Railways (IR) procurement practices by Nag (2013) is one of the most comprehensive case studies ever illustrated on IR techniques. Furthermore, the case study clearly represents various aspects of the IR procurement management with clearly distinguishing sections depicting the humongous IR network of railways; methodologies used in procurement practices for vendor selection; controlling and regulation practices related to procurement; competition between the suppliers; and ethics and accountability factors of IR individuals. Subsequently, each of these procurement management elements of IR would be summarized with various information and examples within this critical thinking†¦show more content†¦Moreover, in a few instances and for some specific items the Railway Board may also decide on the approved vendors (Nag, 2013, p. 2.3). As per Kahraman, Cebeci, and Ulukan (2003), the selection criteria should include the components related to supplier, performance, service, and cost. Hence, the approved vendor inclusion process of IR starts with an online registration, followed by a rigorous examination by RDSO to comprehend the vendor’s capacity, manufacturing practices, infrastructure and quality. The selected vendors are first put into a Part 2 list and are limited to obtain the contracts up to 20 percent of the total requirement of an item. Subsequently, vendors are closely monitored for at least 15 months before moving them to Part 1 list to handle fully tendered order. Additionally, strict rules and regulations control the Part 1 list; and if necessary, vendors can also be downgraded, where they need to stay a minimum of 1 year and prove their worth, before advancing to Part 1 again (Nag, 2013, p. 2.3). Oversight and Regulation of Procurement Despite understanding the importance of procurement oversight and regulations such as cost efficiency, improved quality and organizational efficiency, the employees are often tempted to circumvent these laws and regulations to administer preferred treatment to their personal interests (Hansson Holmgren, 2011). Therefore, the entire procurement process in IR is meticulouslyShow MoreRelatedBbc Pvt. Ltd. and Working Capital Challenge1196 Words   |  5 Pages| Case Study Report | Table of Contents * Case Background 3 * Key Findings 4 * Recommendations 6 * References 11 * Exhibits 11 Case Background BBC Pvt. Ltd, is a chemical manufacturing company that was established in 2004. Its registered offices are in Bangalore, and its manufacturing is in Lucknow. 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