Options for research topic for procurement methods in a manu

Solution

Topic 1 - Collaborative strategic sourcing

It is about how organizations are deriving methods for strategic sourcing by developing \'internal customers\' across the organizations so as to include the benefits of collaboration.

Topic 2 - Just-In-Time Procurement

How to get rid of excess inventory from the system and replacing inventory with information across the supply chain.

Topic 3 - Use of Multi-Criteria Decision Analysis (MCDA) for vendor rating system

This will include the application of mathematical models of MCDA (TOPSIS, VIKOR, AHP, etc.) to develop a vendor rating system (one can take any industry e.g. vendors of steel for an automobile manufacturer\'s plant).

Topic 4 - Forms of long-term contracts and \"right-to-buy\' agreements

Explore the concept of \"Call options\" or right to buy in the procurement of raw materials and how different companies are getting benefitted out of it.