Discuss the following procurement's objectives and consider what mentioned below them and provide an example for each Procurement objectives include: (1) Supporting organizational goals and objectives, (2) Managing the purchasing process effectively and efficiently, (3) Managing the supply base, (4) Developing strong relationships with other functional groups, and (5) Supporting operational requirements. -Effectively is concerned with how well procurement keeps its promises, whereas efficiently refers to how well procurement uses company resources in keeping its promises. -Managing the supply base refers to the selection, development, and maintenance of supply sources. -The lack of cooperation and coordination between procurement and other functions can result in supply shortages, excess inventory, and increased lead times. -Supporting operational requirements means that procurements focus is on satisfying customers by buying the right products, at the right price, from the right source, at the right specifications, in the right quantity, for delivery at the right time to the right internal customer.