Question: In responding to the third emerging trend, while also ensuring that challenges highlighted in trend $1$and trend $2$are addressed too, you, as procurement specialist at Globalcast, have been approached to advise on a suitable procurement strategy, system, process and supplier selection criteria to utilise in engaging global suppliers preferred or $$approved$$

In responding to the third emerging trend, while also ensuring that challenges highlighted in trend

$1$

$$and trend

$2$

$$are addressed too, you, as procurement specialist at Globalcast, have been approached to advise on a suitable procurement strategy, system, process and supplier selection criteria to utilise in engaging global suppliers preferred or

$$

approved

$$

$$by Globalcast customers. As a team, analyse the case extensively and prepare a strategy document for consideration by Globalcast Executive Committee with your recommendations. Focus on procurement management system using each trends below and a write up on procurement management on the Globalcast case study. Trend

$1$

: Customers building factories in developing countries, leading to lower costs and a need for local supply factories.

Trend

$2$

: A demand for globally standardized designs, pushing for a single global low price and creating challenges with varying local costs.

Trend

$3$

: Increasing customer demand for value

$-$

added assembly work, requiring significant investment in assembly lines and related systems.