LOG317: Consider Your Current Employment or an Organisation you are Familiar With: PROCUREMENT STRATEGY AND POLICY Assignment, SUSS, Singapore

Question 1
Consider your current employment or an organisation you are familiar with.
(a) Describe the organisation – the industry sector it operates in, it’s market presence, it’s business goal/s and the product or services it offers. (Hint: Has the company ‘live’ up to its intended business goal)

(b) Discuss how the procurement department supports the business goals (Hint: identify the procurement strategy and outline how the strategy/ tactical plans align with the business goal).

(c) In light of the organisation, appraise how the Balanced Score Card (BSC) framework is applicable to the procurement department (Consideration: Would the BSC framework apply to the procurement department even if it is not adopted at a corporate management level?)

(d) In LOG317, the notion ‘Procurement is a mirror image of Marketing’ was discussed. Review this statement. Illustrate examples of (relating to the organisation under review) of similarities and differences, where applicable.

(e) You have been tasked to segment the entire spend (purchase). The aim is to achieve spend clarity to assist in the establishing of a procurement strategy. Construct and justify the applicable criterion. (Hint: Think BIG! as the Chief Procurement Officer. Provide a high-level segmentation breakdown.