Problem:

Part 1: Explain the various steps of the project procurement process. Part 2: Using the simple decision of packing and moving your home furnishings from the East Coast to the West Coast, provide an example of what you would do under each of the six steps of the project procurement process. Part 3: The buyer determines the contract pricing structure during which step of the project procurement process?

Part 1: Define the four types of contract pricing structures. Part 2: Using the following four factors--scope, schedule, budget, and risk--evaluate the appropriate use of each of the contract pricing structures. Part 3: What type of contract pricing structure would you use if you had a well-defined product that would be completed in a relatively short period of time?

Required:

Question 1) Identify and describe the benefits that outsourcing logistics will bring to the organizations.

Question 2) List and describe the directives to consider the process of outsourcing if you are a senior manager. Provide thorough explanation of the given question.