Assignment 1 - Sourcing Strategy and Planning (2500 words) Element: PD10-3 Managing Risk and Spend in Relations to Customer and Supplier Requirements PD10-4 Performance Measurement in Sourcing and Supply

For an organisation of your choice: a) Critically evaluate the relationship between the sourcing and procurement strategy with the overall corporate strategy. b) Compare and contrast the methods that the organisation may take to select and establish close collaborations with a reduced number of supply sources for its strategic supplies. c) Outline the mechanisms that need to be put in place to ensure that collaborative arrangements work for the effectiveness of the organisation and its suppliers.