You have been hired to develop and implement a supply chain strategy, which you will present to the company president. The scope of the strategy is limited to upstream suppliers (not downstream customers or business partners). Describe Falcon Manufacturings current a) supply chain strategy and b) purchasing practices. Use narrative for a) and bullet points for b). As a proxy, you can use your present company or a past company you worked for to describe a) and b). State the current poor supply chain strategy and list some of the current poor purchasing practices. Provide sufficient detail, please describe, highlight, and list BAD supply chain strategy, BAD purchasing practices, and BAD outcomes. IMPORTANT: Be very sure to draw upon what you learned in procurement strategy, global sourcing, delivering, cost, supply chain risk, and digitalization to complete this assignment especially with regards to your strategy for improving supply chain management. Your strategy MUST include elements related to improving material and information flow between buyers and sellers, shortening supply lines, deeper collaboration internally and with suppliers, and a focus on value (not price). 1.1 NEW SUPPLY CHAIN STRATEGY Input name of supply chain strategy a) Describe the supply chain strategy using a brief narrative. Use bullet points to articulate b) key characteristics of the strategy and the c) desired outcome of successful implementation of the strategy. 1.2 BENEFITS Create bullet list of anticipated benefits of the new strategy to achieve. 1.3 RISKS Create bullet list of anticipated risks of the new strategy to achieve. 1.4 IMPLEMENTATION PLAN Create a realistic implementation or project plan in Gannt chart format including task and goals or targets. Create the necessary chart in MS Project, PowerPoint, or other software and import the image into this space. 1.5 Recommendations Identify additional resources need to implement the plan. Resources could be people, money, time, suppliers (such as consultant or other), help from other departments, data, material, software, etc. Be as specific as possible in identifying these things.