Analyse the stages of the procurement cycle, Supply Chain Management

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Problem 1:

What do you meant by the ‘Purchasing Function'? Describe some benefits accrued to a firm having an effective purchasing function?

Problem 2:

Purchasing Departments always strive for an effective and efficient procurement of goods and services.
Analyse the stages of the procurement cycle.

Problem 3:

Why, according to you, Supply and Purchasing Officers should become more proactive and show more professionalism in their work in this competitive world?

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