Question:

This assessment tests the learning outcomes and module content of:
Module: Driving Value through Procurement and Supply
Module: Managing Expenditures with Suppliers
Task
Identify a product, service or category of spend and outline its importance and impact to your organisation’s stakeholders. Prepare a brief market analysis and demonstrate how your procurement function will produce
value for money outcomes. Your final submission should also review the current approaches to managing prices and costs for the product, service or category you have identified, as well as highlighting the impact of
markets to secure cost savings for your organisation.

SOLUTION/ANSWER

1.0 Introduction

1.1 Introduction to Abu Dhabi National Oil Company (ADNOC)

The Abu Dhabi National Oil Company (ADNOC) is a world leading energy producer established in 1971 and headquartered in Abu Dhabi. Its operations are anchored in the overall hydrocarbon value chain through a network of fully-integrated businesses with diverse interests ranging from exploration, production, storage, refining and distribution of a wide range of petrochemical products. The company objectives are creating improved efficiencies through benchmark performance, integrating a balanced scorecard approach in the entire group and aligning with their key performance indicators. The company vision is working collaboratively in harnessing energy resources in services for the nation. Similarly, their mission is operating through partnership, innovation and a relentless focus on high performance and efficiency in maximising value for energy resources.

1.2 Procurement Division of ADNOC

ADNOC is committed to develop and maintain a competitive and sustainable supply chain for all their partners and the service providers. The company operations are effective and characterized by online and real-time supplier registration system………………………………………………………………………………………………………………………………Please contact our team to receive guidance, support and tutorial services on this assessment in full based on your area of spend and organisation background

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