1. Why is managing procurement priorities such an important factor within government and private sector? How does this management system effect the supply chain and of the overall organization ? Provide an example .

2. in the procurement process please explain the following areas: 1.) supplier selection, 2.) Price negotiation, 3.) contract management, 4.) performance management. Next considering the Covid pandemic which of the 4 processes would you deem most critical to an organizations bottom

-line and/or financial stability.