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5) The procurement process originates when a company needs to acquire goods or services from extemal sources, and it concludes when the company receives and pays for them. Review the diagram below and describe step by step flow in the procurement process e.g. "If the customer agrees to the price and terms, then Sales creates a customer purchase order (PO) and a sales order" [10 marks & suggested time 15 mins] 3) Apply Porter's Vahe Chain Model to Costco (www.costco.com). [10 marks & suggested time 12 mins] a) Describe the tasks that Costco must accomplish for each primary value chain activity b) How would Costco's information systems contribute to its competitive strategy, given the nature of its business