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Answered 2 days AfterFeb 20, 2021

Answer To: please review the question for the words to be written for the question answers.

Arunavo answered on Feb 22 2021
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ASSESSMENT 2
ADVANCED RESOURCE MANAGEMENT
Table of Contents
Answer 1    3
Answer 2    3
Answer 3    4
Answer 4    4
Answer 5    5
References    6
Answer 1
There are different methods of purchasing that maybe utilized to request items or services,
such as blanker orders, check requests, petty cash, purchasing credit cards and purchase requisition & orders. Among these purchase options, the one which compares the relative costs and the outcomes of different course of action is cost effectiveness. Thokla et al. (2018), have discussed that there are a number of processes, through which the purchasing department of an organization can bring down the cost through cost effective process. The first process is to reduce maverick spending, or unnecessary spending, which will bring down the unnecessary cost burden over the organization. The second process is to review the supplier’s terms and discount terms and conditions, where purchasing slightly high number of products will provide a good discount over the purchase. The third process is by consolidating suppliers and deliveries by saving charges on delivery and the payment processing charges will also fall. The fourth process is through reviewing purchasing requirements, where all the unnecessary excess costs and storage costs will be cut down to make savings. The fifth process is through accepting the purchase from catalogues, because purchasing from one suppliers and higher order from same supplier will help in getting good discount. Therefore, these are the process through which cost-effectiveness can be achieved.
Answer 2
For the initiation of any project work, it is important to properly plan the available resources for the successful planning and implementation of the project. Chofreh et al. (2020), have discussed that there are different steps for the resource planning process, which are as follows:
· Plan the Project: The first process of resource planning is to plan the project, where the resources will be invested. In this planning phase the setting of proper team is done by analysing various factors. The project team will request for the resources to move ahead with the project work, and the middle level management will allot resources and people with those projects.
· Resource Management Meetings: The size of the organization will determine that there could be one single resource management meeting...
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