QUESTION 2 (35) Sead the following case scenario and answer the question that follows: Muck Trucks, which is part of a newly consolidated operation comprising the truck making units of Volvo, Renault, and Mack, is facing intense pricing pressure from customers and competitors. The ability to meet its financial tandets has presented a major challenge for the company. With limited ability to raise truck prices and declining demand, the alternatives facing Mack were to manage material costs better or absorb price increases through lower profit margins and profitability. Even before Volvo assumed ownership of Mack Trucks and Renault, Mack and Renault sought to leverage the commonality between them on a global basis Mack Trucks had concluded that procurement offered excellent opportunities for global synergy across Europe and North America. Mack Trucks, working jointly with Renault, had implemented a global sourcing process designed to leverage the volumes available through the combined truck units. Volvo Truck is now part of that process. A central part of this process features negotiation to help the three combined companies carry out their vision of global procurement. 2.2 The field of sourcing and supply chain management is characterised by constant change. Companies like Mack Trucks and Renault are finding new ways of doing business to remain competitive. Give a recommendation of the future sourcing and supply chain strategies they can use to remain competitive. (20) Assignment Format Word Limit: Your assignment (excluding index, cover page, list of references and appendices) must not exceed 5000 words. Your assignment must include a table of contents page Text: Arial or Times New Roman, Font Size: 12, Spacing: 1.5 lines. All text must be justified at each margin. Your answers must include theories, charts, tables, appendices or exhibits necessary to support your analysis and recommendations. References - At least 12 academic sources of reference must be used. These include textbooks, journal articles and internet sources that are relevant to your field of study. Academic sources do not include Wikipedia and blogs). The MANCOSA study guide must not be used as a source of reference. You must include Reference list at the end of your assignment Information quoted/paraphrased from sources listed in your Reference list must be referenced in-text. The Harvard system of referencing must be used. You MUST use theory/ literature to support your discussion observation and opinions. Ensure that readings are not merely reproduced in the assignment without original critical comments and views . Students should proof read and edit their work prior to submission. Assignments must be free from errors and QUESTION 2 (35) Sead the following case scenario and answer the question that follows: Muck Trucks, which is part of a newly consolidated operation comprising the truck making units of Volvo, Renault, and Mack, is facing intense pricing pressure from customers and competitors. The ability to meet its financial tandets has presented a major challenge for the company. With limited ability to raise truck prices and declining demand, the alternatives facing Mack were to manage material costs better or absorb price increases through lower profit margins and profitability. Even before Volvo assumed ownership of Mack Trucks and Renault, Mack and Renault sought to leverage the commonality between them on a global basis Mack Trucks had concluded that procurement offered excellent opportunities for global synergy across Europe and North America. Mack Trucks, working jointly with Renault, had implemented a global sourcing process designed to leverage the volumes available through the combined truck units. Volvo Truck is now part of that process. A central part of this process features negotiation to help the three combined companies carry out their vision of global procurement. 2.2 The field of sourcing and supply chain management is characterised by constant change. Companies like Mack Trucks and Renault are finding new ways of doing business to remain competitive. Give a recommendation of the future sourcing and supply chain strategies they can use to remain competitive. (20) Assignment Format Word Limit: Your assignment (excluding index, cover page, list of references and appendices) must not exceed 5000 words. Your assignment must include a table of contents page Text: Arial or Times New Roman, Font Size: 12, Spacing: 1.5 lines. All text must be justified at each margin. Your answers must include theories, charts, tables, appendices or exhibits necessary to support your analysis and recommendations. References - At least 12 academic sources of reference must be used. These include textbooks, journal articles and internet sources that are relevant to your field of study. Academic sources do not include Wikipedia and blogs). The MANCOSA study guide must not be used as a source of reference. You must include Reference list at the end of your assignment Information quoted/paraphrased from sources listed in your Reference list must be referenced in-text. The Harvard system of referencing must be used. You MUST use theory/ literature to support your discussion observation and opinions. Ensure that readings are not merely reproduced in the assignment without original critical comments and views . Students should proof read and edit their work prior to submission. Assignments must be free from errors and