Evaluating the Impact of Global Procurement Strategies on Supply Chain Efficiency

Global procurement is an essential function for organisations operating in a globalised economy. The procurement strategies employed by organisations can significantly impact the efficiency and effectiveness of their supply chains.

This assignment will focus on evaluating the impact of global procurement strategies on supply chain efficiency. You are to answer the below questions:

1. How do global procurement strategies, such as global sourcing, strategic alliances, outsourcing, and offshoring, impact supply chain efficiency? (15 marks)
2. What are the risks and challenges associated with global procurement and how do they affect supply chain performance? (15 marks)
3. How can technology, such as e-procurement, data analytics, and supply chain visibility, enhance global procurement efficiency? (20 marks)
4. What are some real-world examples and case studies of organisations optimising their global procurement strategies to improve supply chain efficiency? (15 marks)
5. What recommendations can be provided to organisations to optimise their global procurement strategies for better supply chain efficiency? (15 marks)