Advanced Procurement management Test $2$

Question $1$

Implementing a Procurement Risk Management Program comes with benefits to the organisation. Relating to this statement outline and explain any five benefits of implementing procurement risk management programs in any organisation of your choice $(10$ marks$).$

Question $2$

There are four sources of risk in procurement: process, people, technology and the environment. Explain these sources of risk giving practical examples from any organisation of your choice $(10$ marks$).$

Question $3$

Building a resilient procurement function is no longer a luxury, but a necessity for ensuring business continuity and maximising value creation. Given the above statement explain what is meant by the term procurement resilience and why is it important $(10$ marks$).$

Question $4$

Several key features characterize a resilient procurement function. Outline and explain five key features $(10$ marks$)$

Question $5$

Artificial intelligence $($AI$)$ plays a crucial role in developing resilient procurement function. Explain how Al is shaping the procurement resilience in your organisations $(10$ marks$)$

Total marks $50$

Good luck