Description
Solution
SECTION 2
1.4 Data Analysis
To calculate the percentage turnover for each department, I used the formula:
Turnover Percentage= (Total Employees/Leavers) ×100
2020
- Administration: 4/22×100=18.2%
- Maintenance: 5/9×100=55.6%
- Marketing: 0/4×100=0%
- Production: 70/231×100=30.3%
- People Team: 1/6×100=16.7%
- Research & Design: 1/4×100=25%
- Sales: 19/42×100=45.2%
- Packing & Dispatch: 21/36×100=58.3%
- Finance: 2/5×100=40%
2021
- Administration: 8/20×100=40%
- Maintenance: 3/8×100=37.5%
- Marketing: 0/4×100=0%
- Production: 3/2198×100=16.2%
- People Team: 0/6×100=0%
- Research & Design: 0/3×100=0%
- Sales: 3/35×100=8.6%
- Packing & Despatch: 6/15×100=40%
- Finance: 0/4×100=0%
2022
- Administration: 9/20×100=45%
- Maintenance: 3/8×100=37.5%
- Marketing: 1/4×100=25%
- Production: 3/8178×100=21.3%
- People Team: 3/6×100=50%
- Research & Design: 0/4×100=0%
- Sales: 0/40×100=0%
- Packing & Despatch: 8/16×100=50%
- Finance: 0/4×100=0%
2023
- Administration: 2/18×100=11.1%
- Maintenance: 1/7×100=14.3%
- Marketing: 0/4×100=0%
- Production: 29/181×100=16%
- People Team: 2/5×100=40%
- Research & Design: 1/4×100=25%
- Sales: 2/45×100=4.4%
- Packing & Despatch: 3/15×100=20%
- Finance: 0/3×100=0%
To calculate the overall turnover rate for the entire organization each year, we sum the total number of leavers and total employees, then apply the turnover formula:
Overall Turnover Percentage= (Total Employees/Total Leavers) ×100
2020:
- Total employees = 359
- Total leavers = 123
- Turnover: 123359×100=34.3%
2021:
- Total employees = 285
- Total leavers = 52
- Turnover: 52285×100=18.2%
2022:
- Total employees = 275
- Total leavers = 62
- Turnover: 62275×100=22.5%
2023:
- Total employees = 282
- Total leavers = 40
- Turnover: 40282×100=14.2%
Data Presentation
- Bar Graph-The following is the Bar Graph presenting the year-wise Turnover percentages of each department (2020-2023). It has a graphical display of the turnover rates by department making it less time consuming to determine departments with high or little turnover in the previous years.
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This assignment focuses on exploring different sourcing approaches and their relevance in a specific category of spend in Red Sea Global (RSG) organisation.
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Also, sourcing approaches used in Information Technology (IT), logistics, staff uniforms, and vehicles have been equally evaluated. The sourcing approaches in line with CIPS guidance notes put into account are single, sole, dual and multiple sourcing.
The finding in this report highlight on the need for using the sourcing approaches to gain value for money outcomes and leveraging on competitive advantage. This is with best sourcing decision being the outcome of the process.
Additionally, by appropriate sourcing approach, the organisation is in a position of leveraging on competitive advantage successfully. For this report, multiple sourcing are appropriate if there is a need for engaging more than a single supplier with single sourcing engaging single supplier.
Conversely, sole sourcing are applied in a situation an organisation is making procurement from monopolistic suppliers in their area of practice.
Dual sourcing conversely is used when needs conflict with different suppliers involved for solving problems which result from engaging single or multiple sourcing strategy.
Considering RSG case organisation, using different sourcing approaches for various spend categories is evidenced from pre-awarding, after-awarding and post-awarding of contractors influenced by their relevance.
For ensuring sourcing approaches increase value for PS&M practice and maximise capacity for leveraging on supplier appraisal checklist, various recommendation could be provided. These are;
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- Simplify significantly the information sourced pertaining to tendering and information sharing in the sourcing approaches used
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In summary, this report has focused on evaluation the selection criteria and sourcing strategies for enabling appropriate selection of suppliers for goods, services and works. Through a focus on Ericsson organisation different spend categories, a set of sourcing approaches have been identified. The approaches have been evaluated through the application of different tools and techniques. This is with different available data from Ericsson spend categories being evaluated in detail. Further, for the different approaches, the risk analysis and potential challenges impacting their implementation. The findings indicate that there is no one-size-fits all approach for selection criteria and sourcing strategies. The best practice is dependent on the organisation category of spend and suppliers availability.
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- Pursue a holistic L&D practices by the PS&M in order to understand the best sourcing approach which would be in a position of enhancing the overall process of sourcing
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