Question: Logistics and supply chain managers are looking for ways to drive more value from their purchasing and procurement operations. As a result, the topics of

  1. Logistics and supply chain managers are looking for ways to drive more value from their purchasing and procurement operations. As a result, the topics of purchasing, procurement, and strategic sourcing are all receiving considerable attention as organizations try to improve the overall efficiency and effectiveness of their supply chains. Recognise and discuss the principles and approaches for the effective management of sourcing and procurement activities. [25 Marks]

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