Course Name: Global Procurement and Sourcing (Answer all the questions perfectly, I will give rating if you answer correctly) 1) What are the advantages of GPO? (Mention any two benefits and explain shortly) [5 points) Answer: 2) Why should we do source to settle? (Mention any two reasons and explain shortly) [5 points] Answer: 3) What are the types of specifications that you can write? (Mention any two reasons and explain shortly) [5 points] Answer: 4) What is Solicitation in Procurement? Answer in one full sentence. [5 points] Answer: 5) Negotiation can be both collaborative and competitive" - explain this statement. [10 points] (Briefly explain in two paragraphs) Answer: 6) "Procurement department serves the organization- briefly explain the statement? (10 points] (Briefly explain in one small paragraph) Answer: 7) Suppose you are in a job interview for a post in supply chain department. The interviewer is saying that the company's supply chain department is filled by people who are highly experienced. Those people joined the company with a business major degree from a reputed university most with finance background. The company has never hired someone with supply chain major yet. Now the interviewer is asking you to say what difference will be added there if the company hires you who is a supply chain major graduate? (Give two points to answer within the given space on this page) [8 points]