Question 1 Examine FIVE (5) factors that needs to be considered when establishing sourcing priorities for the procurement team. Provide appropriate examples to support your answer.

Question requirement is to examine 5 factors that procurement manager need to consider when determining/establishing sourcing priorities.

Answer to supported with relevant examples.

For example: a) if it is a new and first time buy, more focus/priority would be given

b) if the level of expenditure is high & cost a lot of money, again more detailed & focus required.

c)Time elapsed since the last analysis

d)The speed of market and technological change.

e)Level of impact on the organisation.