Discuss the view that a procurement strategy can be directly linked to the organization’s strategy and long-term business plan
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- How do you think a procurement policy should be related to an organization's long-term strategy and strategic plan?How can you believe a procurement policy should be closely related to an organization's long-term strategic plan and strategy?How do you think that a procurement strategy can be directly linked to the organization’s strategy and long-term business plan? Long question explain it briefly
- Briefly discuss the tasks that procurement professionals of the future will be concerned with.Notably, procurement is associated with one of the management systems within the executing process division. Why is procurement such a critical component of the execution process?As a supply chain and logistics management student, you have completed key aspects of thediscipline throughout your qualification, namely, purchasing management, supplier relationshipmanagement, warehouse management and strategic supply chain management.This question requires you to reflect on your knowledge and understanding of supply chainmanagement. You are required to write a one-page report where you reflect on:• Which areas of this module did you find most interesting and challenging to learn about?Why?• If the procurement process for inventory is not ethically done, what do you think would bethe impact on organisations?• Do you think the individual responsible for managing inventory i.e., performing ABC analysesor tracking inventory through a warehouse needs to be analytical? Why or why not?• Would using artificial intelligence through computer programs give a non-analytical personan advantage?• Could a career in inventory management be the future for you? Why or why not?
- Which industries are the most difficult for suppliers to anticipate in terms of client wants and requirements? What are the characteristics of these industries?identify the potential cost reduction methods that can supply chain manager and purchasing manager can apply to support organization goals.Assess FOUR benefits of understanding the interests and influence of stakeholders in the procurement process.