Create a business process for procurement in a large multinational company in Egypt bearing in mind FX $($foreign exchange$)$ impact.

Your submission should include:

Purpose & details of the business process

Swimlane diagram using Lucidchart.com

RACI matrix

Few tips for the different steps that should ideally be included:

Identifying Procurement Needs

Supplier Identification and Selection

Request for Quotation

Evaluation & Negotiation

Contract Finalization

Monitoring FX Risks

Hedging Strategies $($mitigating FX impact$)$

Execution and Delivery

Payment and Invoice Processing

Post$-$Procurement Evaluation