QUESTION ONE [35] Bareki Management Consulting (Pty) Ltd is a 100% Black owned and managed consulting and advisory company, formed in 2008. All shareholders of Bareki are also Directors, which means that we are serious about what we do. Bareki is a Level 1 Contributor to B-BBEE Scorecard. Procurement is defining its own culture: processes have had to become sharper and faster to be able to deliver in ever-tighter competitive environments. Sourcing no longer equates to instant cost gratification, but is now defined as a strategic component used to drive maximum competitive advantage. Strategic sourcing is itself a benchmark. It relates to getting the best products and services at the best value. It is designed to segment external spend and ensure that procurement resources are focused on the most important categories. What sets strategic sourcing apart is its continuous attention to improving and re-evaluating the purchasing activities of a company, thus enabling organisations to adapt to changing market forces. (Source: https://www.bareki.co.za) With this regard, 1.1 Evaluate how the involvement of external suppliers would positively impact Barekis managements effort. (15) 1.2 Comprehensively discuss the fundamental steps Bareki should follow to ensure its successful strategic sourcing process.