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:

Executive Summary This assessment report has focused on evaluating the distinct sourcing approaches and the level in which they can be adopted in different spend categories in an entity. The findings of this report are that the sourcing strategies are fundamental in an organization market dominance and profitability with the absolute need for critical sourcing decision being instrumental. In this context, ……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

Table of Contents

1.0 Introduction

Etihad Airways is a company established by Royal (Emiri) Decree in July 2003 and is comprehensively owned by the Government of Abu Dhabi with a core mandate of operating safely, commercially and profitably (Etihad Airways, 2017). In context of the company procurement vision, this include provision of excellent procurement services by capitalizing on the value creation maximization and supporting company growth. Also, the company adopts industry best-in-class practices playing the role of a local content advocate and ethical operations. Also, the Etihad Airways sourcing is a practice implemented to develop and management approaches of acquisition goods and services to support their distinct business needs. The rationale for integrating a procurement division in sourcing can be linked to the idea that contemporary organizations are operating in an environment characterized by diverse economic and political disruptions to their suppliers of different services. This is in line with Pishvaee et al., (2011) who argued that the supply market nature is identified by multiple……………………………………………………………………………………………………………………………………………………………………………………………………………….Please contact us to receive guidance on the entire assessment and how to approach it based on your organisation of work

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