Strategic Procurement

Scenario
You 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
● Waitrose

Task 1 of 1 –Director’s Report
Your report will consist of the following two parts:

Part A
a. 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. An analysis of the sources of purchasing information in strategic procurement
f. An evaluation of the operational and strategic supply chain decision process in strategic procurement in business management.

Part B
a. An assessment of the corporate strategies and strategic procurement in strategic procurement in business management.
b. An evaluation of the Total Quality Management (TQM) driven purchasing strategies.
c. An analysis of the portfolio driven supply strategies in strategic procurement business management.
d. An explanation of the traditional purchasing with lean, agile and virtual supply chain in strategic procurement in business management.
e. An evaluation of the purchasing in different industries in strategic procurement in business management.

Delivery and Submission
● 1x Word file
● Word count 4500 words excluding TOC, diagrams, references and appendices.