Reference no: EM133310652
Question 1-Using strategic planning assists the Procurement Manager in developing possible improvement paths that may be linked to the organisational goals.
Organisational business plans greatly impact the Strategic Sourcing and Procurement Manager's, as this role must prioritise and align their goals with the procurement entity's Vision, Mission, and Values.
Describe what is an organisation's Mission and Vision Statement.
Give an example of a Procurement goal that can be aligned to the organisation's overall goals
Question 2-The P2P cycle and Spend analysis are key financial tools for the procurement team to use, analyse and measure financial procurement success.
describe the P2P cycle and spend analysis
Why is it important for the Procurement team to understand this process?
Question 3-Today many New Zealand Companies buy or procure finished goods or raw materials from overseas, predominately from South East Asian countries or India.
While cost and quality are two benefits and the reason for using an overseas supplier, there can also be challenges in finding the supplier that will provide the best fit for your organisation.
Name five (5) factors that the procurement Manager or team should be considered when selecting or engaging an overseas supplier.