The importance of procurement for global organisations

This is a paper that is focusing on the importance of procurement for global organisations. The paper also provides the guidelines of writing the assignment paper.

The importance of procurement for global organisations

A proactive strategic procurement operation can give the organisation it represents a competitive advantage by reducing waste in the value chain. For an organisation of your choice, you are asked (a) to critically examine the Procurement function, (b) by considering 2-3 areas below investigate how the Procurement function can be improved and compensate external turbulences in the markets.

Procurement Strategy
Strategic Sourcing and Outsourcing
e-procurement
Sustainable Procurement
Supply Risk

You will also need to take the following into account when completing your assignment:
Quality of executive summary (does it give a brief complete summary of your paper for an executive to read?)
Establishment of relevant theory (e.g. what do we mean by global sourcing?)
Allocation of credit and sources used (have I included references and citations to the material I have used?)
Clarity of argument
Overall report presentation including spelling and grammar
Adherence to nominated word limit (+/- 10%)
Word processed (letter size 12, times new roman, 1.5 space), fully referenced (Harvard Referencing System)

The strategic procurement operation in an organization

Assessed intended learning outcomes
On successful completion of this assessment, you will be able to:

Knowledge and Understanding
Firstly, demonstrate an understanding of the importance of procurement for global organisations operating in complex market environments.
Secondly, locate, synthesise and critically evaluate recent/current information from a wide range of published literature in the area of Procurement, Risk, and Contract Management.
Thirdly, apply knowledge of the theory and practice of Procurement, Risk, and Contract Management to develop insights into and solve current problems.
Fourthly, critically evaluate the use of complex models of Procurement, Risk, and Contract Management; systematically and creatively making sound judgements based on the systematic analysis and creative synthesis of ideas.
Additionally, critically and effectively assess the value of theories, concepts and models to the practice of Procurement, Risk, and Contract Management.
Lastly, demonstrate a sound understanding of the importance of risk management in the development and maintenance of sustainable procurement.