55 703897 Strategic Sourcing and Procurement

Module learning outcomes to be assessed:

 

To establish your ability to:

1. Evaluate the strategic importance of purchasing in the supply chain.

2. Critically assess the management of the procurement function within an organisation considering the legal framework and ethical implications.

3. Appraise the appropriate use of procurement principles to meet business and customer needs.

Assignment Task - Procurement Strategy

The role of procurement is increasingly being recognised as an important contributor to the financial performance and operational performance of companies and organisations. While many companies and organisations are working to develop a strategic procurement vision there are others who still see procurement as a clerical function. This assignment is designed to assess your ability to analyse changing needs, research current best practices and critically evaluate the role and future of procurement.

Task:

Undertake a comprehensive Literature Review addressing the following question:-

1. Discuss the implications of the Brexit on Global Procurement Strategy.

2. Compare and Contrast effective approaches which could be adopted to mitigate and/or address challenges faced by a Procurement department.