Subheadings and page numbers purpose and content the report

LSCPG8.300 Strategic Procurement, Partnerships and Outsourcing ASSIGNMENT HELP ANSWERS

Assessment topics	Strategic procurement and its impact on both procurement and associated supply chain operations. Procurement theories.
Assessment type	Report
Length requirements	2000 words +/- 10%
Background to this assessment	The field of procurement and supply chain management plays a pivotal role in the success of organizations across various industries. In today's dynamic and competitive business environment, strategic procurement practices have become essential for optimizing supply chain efficiency, reducing costs, and gaining a competitive edge. Current inflation and economic downturn have a substantial impact on procurement strategies, leading to increased costs, supply chain disruptions, and the need for adjustments in sourcing approaches. Companies must actively address these challenges to maintain resilience during economic downturns and periods of inflation.

Prepare a report that conducts a critical evaluation of the impacts of inflation on the procurement strategies for a company of your choice.

To do this you must:

Prepare at least three recommendations for the Procurement Manager of your chosen company.

Introduction (Purpose and content of the report, brief description of the organisation and its current procurement strategy and problems) 150 words.
Critical Evaluation

2.3 Supply and Demand 400 words

Provide a critical evaluation of how collaboration and information sharing with suppliers would enhance the ability of the organisation effectively tackle the challenge of inflation and how this improves the ability of the organisation to meet customer demand.

Present each recommendation (for 2.1, 2.2 and 2.3) concisely in a single sentence (e.g., the procurement managers of …………. should……….to improve….). Provide a justification for each in one sentence.

Synchronising supply and demand information
Trends in procurement practice – processes in procurement, broader outcomes, agile procurement, procurement competencies

Be sure to consider the performance criteria on the marking rubric for this assessment.

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