Task

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.

Please Note:

$$ It is of vital importance that you tie your answers to your analysis and do not merely present information.

$$ All responses are expected to display integration of theoretical concepts as a foundation to then integrate aspects

$/$

dynamics

$/$

nuances tailored to the case study provided practical application.

$$ All responses should provide justification or present a strong argument supporting the response. Y

$$ our answers will be assessed in terms of the direction, degree, depth, scope and strength of analysis displayed, the manner in which information is presented and argued, inferences are drawn and the logical manner in which decisions are reached after critical assessments and discussions.

$$ An answer which is narrowly focussed on reiterating what happened or just stating decision without showing why the fact was considered important or why this decision is better than others, will not be awarded good marks.

Kindly incorporate the below $8$ steps guide to build a procurement strategy:

$-$Evaluate your business at present

$-$Analyse and assess Market Conditions

$-$set and define company goals

$-$define procurement policies

$-$discuss with the stakeholders

$-$invest in the software tools

$-$outline and develop strategies

$-$execute and implement right.