QUESTION ONE [30] Read the extract below and answer the questions that follow: Strategic supply management has the potential for significant value creation for the firm. Business professionals who have long been involved in supply management understand its power to create value. The emergence of e-procurement in the last few years is creating a higher profile for supply management, boosting its visibility to top management. The challenge to those operating on the supply end of the supply chain is to make a convincing business case for what they do. Although CEOs expect supply management to contribute to shareholder value, effective supply managers need to get comfortable with the language of top management to communicate how that value is created. The move to e-procurement provides a unique opportunity for supply managers for two reasons. First, the application of technology to boost competitiveness and profitability is on the agenda of any forward-thinking CEO. Second, the application of technology to supply management, where firms spend most operating dollars, is focusing more top-management attention on that issue. With regard to the above: 1.1 Examine the role of e-procurement in creating value and high profile for current businesses. 1.2 Provide your suggestion on technology being an ongoing trend in modern supply (15) chains. (15)