Question: (Total Marks 20) Question 6 Business needs trigger the procurement process. These needs are however, not static, they constantly change. In this context, the procurement

(Total Marks 20)

Question 6

Business needs trigger the procurement process. These needs are however, not static, they constantly change. In this context, the procurement cycle requires reviewing. Give a detailed account of the significance of the procurement cycle with specific emphasis on:

a) planning

(10 Marks)

b) sourcing

(10 Marks)

(Total Marks 20)

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