Question: Essay format, with references. 2. An effective procurement process involves in-depth understanding of requirements by all business units, identifying the right supplier for meeting those
2. An effective procurement process involves in-depth understanding of requirements by all business units, identifying the right supplier for meeting those requirements, periodically evaluating supplier performance, and negotiating contracts that can provide the highest value at minimum cost. Maximising the effectiveness of the procurement process is a major goal of any organisation. What steps do you think, can be taken to help ensure that the process is maximised for efficiency? (25) 3. Transportation is a dynamic activity and a critical supply chain process. It is the largest logistics cost in most supply chains, and it also directly impacts fulfilment speed and service quality. By providing the physical links between key participants across domestic and global supply chains, transportation facilitates the creation of time and place utilities. Provide a detailed discussion on the role of transportation in the supply chain. Make use of relevant examples of how transportation impacts supply chain performance in organisations. (25)
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