Development and implementation of online market place in MCMC e-procurement system

In MCMC’s procurement sphere, all procurement purchases valued less than RM10k are being conducted using the Invitation of Quotation (IFQ) process. The nature of purchase is relatively low value and mostly is the off-shelf product available in the market. The expected cycle time to complete the proc...

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Main Author:	Nazlan, Mohd. Shafiq
Format:	Thesis
Language:	English
Published:	2022
Subjects:	HD28 Management Industrial Management
Online Access:	http://eprints.utm.my/id/eprint/102161/1/MohdShafiqNazlanMAHIBS2022.pdf.pdf
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id	my-utm-ep.102161
record_format	uketd_dc
spelling	my-utm-ep.1021612023-08-07T08:19:40Z Development and implementation of online market place in MCMC e-procurement system 2022 Nazlan, Mohd. Shafiq HD28 Management. Industrial Management In MCMC’s procurement sphere, all procurement purchases valued less than RM10k are being conducted using the Invitation of Quotation (IFQ) process. The nature of purchase is relatively low value and mostly is the off-shelf product available in the market. The expected cycle time to complete the procurement process below RM10k is within seven (7) working days upon receiving a complete purchase requisition approval and documentation required. Currently, amongst the main issue faced while conducting the process is the participation rate from the registered suppliers is not that prominent and less competitive proposal due to low-value purchases. There are also instances where there are only one (1) quotation received; thus, the comparative comparison is not able to be conducted to obtain the best value for money in procurement activities for MCMC. It is also observed that most low-value purchases are made on an ad-hoc / case-to-case basis. This mode of purchasing entailed multiple IFQ’s to be issued, and substantial manpower and time were needed to process them. Therefore the study on the introduction of the online marketplace in the IFQ process is expected to benefit the organisation in the form of shorter turnaround time with the reduction of a number of working days to process the purchase requisition, reduce manpower requirement, automation of the supplier recommendation based on the lowest quoted proposal and most importantly eliminate the need for Procurement Division to conduct similar sourcing activities tremendously. Mainly there are two different data source methods used for this research, i.e. quantitative and qualitative analysis, which involved surveys, interviews with various stakeholders and focus group discussion. The introduction of the online marketplace in the IFQ process is expected to benefit the organisation in the form of shorter turnaround time with the reduction of the number of working days to process the purchase requisition, reduce manpower requirement, automation of the supplier recommendation based on the lowest quoted proposal and most importantly eliminate the need for Procurement Division to conduct similar sourcing activities tremendously. 2022 Thesis http://eprints.utm.my/id/eprint/102161/ http://eprints.utm.my/id/eprint/102161/1/MohdShafiqNazlanMAHIBS2022.pdf.pdf application/pdf en public http://dms.library.utm.my:8080/vital/access/manager/Repository/vital:147515 masters Universiti Teknologi Malaysia Azman Hashim International Business School
institution	Universiti Teknologi Malaysia
collection	UTM Institutional Repository
language	English
topic	HD28 Management Industrial Management
spellingShingle	HD28 Management Industrial Management Nazlan, Mohd. Shafiq Development and implementation of online market place in MCMC e-procurement system
description	In MCMC’s procurement sphere, all procurement purchases valued less than RM10k are being conducted using the Invitation of Quotation (IFQ) process. The nature of purchase is relatively low value and mostly is the off-shelf product available in the market. The expected cycle time to complete the procurement process below RM10k is within seven (7) working days upon receiving a complete purchase requisition approval and documentation required. Currently, amongst the main issue faced while conducting the process is the participation rate from the registered suppliers is not that prominent and less competitive proposal due to low-value purchases. There are also instances where there are only one (1) quotation received; thus, the comparative comparison is not able to be conducted to obtain the best value for money in procurement activities for MCMC. It is also observed that most low-value purchases are made on an ad-hoc / case-to-case basis. This mode of purchasing entailed multiple IFQ’s to be issued, and substantial manpower and time were needed to process them. Therefore the study on the introduction of the online marketplace in the IFQ process is expected to benefit the organisation in the form of shorter turnaround time with the reduction of a number of working days to process the purchase requisition, reduce manpower requirement, automation of the supplier recommendation based on the lowest quoted proposal and most importantly eliminate the need for Procurement Division to conduct similar sourcing activities tremendously. Mainly there are two different data source methods used for this research, i.e. quantitative and qualitative analysis, which involved surveys, interviews with various stakeholders and focus group discussion. The introduction of the online marketplace in the IFQ process is expected to benefit the organisation in the form of shorter turnaround time with the reduction of the number of working days to process the purchase requisition, reduce manpower requirement, automation of the supplier recommendation based on the lowest quoted proposal and most importantly eliminate the need for Procurement Division to conduct similar sourcing activities tremendously.
format	Thesis
qualification_level	Master's degree
author	Nazlan, Mohd. Shafiq
author_facet	Nazlan, Mohd. Shafiq
author_sort	Nazlan, Mohd. Shafiq
title	Development and implementation of online market place in MCMC e-procurement system
title_short	Development and implementation of online market place in MCMC e-procurement system
title_full	Development and implementation of online market place in MCMC e-procurement system
title_fullStr	Development and implementation of online market place in MCMC e-procurement system
title_full_unstemmed	Development and implementation of online market place in MCMC e-procurement system
title_sort	development and implementation of online market place in mcmc e-procurement system
granting_institution	Universiti Teknologi Malaysia
granting_department	Azman Hashim International Business School
publishDate	2022
url	http://eprints.utm.my/id/eprint/102161/1/MohdShafiqNazlanMAHIBS2022.pdf.pdf
_version_	1776100860390014976

Development and implementation of online market place in MCMC e-procurement system

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