ScenarioYou are required to write a report about how procurement strategy is developed in business. Choose one of the companies below to base your research on.● LIDL● Greggs● Marks and Spencer● Poundland● WaitroseTask 1 of 1 –Director’s ReportYour report will consist of the following two parts:Part Aa. Start your report by explaining the role of purchasing for a business.b. Describe the purchasing relationship with the other functions in strategic procurement for a business.c. Evaluate the purchasing and product lifecycle and new product development processes in strategic procurement in business management.d. Provide an explanation of the purchasing decision process in business.e....