Identify an expensive item (in excess of $100 CAD) that you purchased within the last year. Choose an item which is available for purchase from a number of different sources/suppliers (i.e. computer, vehicle, smart phone, gaming system, home appliances, etc.). Then, discuss how you progressed through steps 1 through 5 of the MSSP process.

Introduction Describe the MSSP Discuss its relevance and importance Identify the item that you purchased which will be used for this assignment

Step 1: Develop Strategic Plan Who was part of the sourcing process? What were the roles of each person?

Step 2: Understand Spend What product(s) is being purchased? What purpose does the product serve? What are the financial implications of the purchase? Conduct spend analysis Address issue of make vs. buy , or rent vs. buy (if applicable).

Step 3: Evaluate Supply Sources Identify all of the potential suppliers of the product Identify a mechanism to allow you to compare the alternate supply sources

Step 4: Finalize Sourcing Strategy Develop a sourcing strategy that defines the parameters of the process and the steps to be followed What are the supplier selection criteria?

Step 5: Implement Sourcing Strategy Evaluate each supplier against the selection criteria identified in Step 4 Final supplier selection

Conclusion Summarize why the MSSP is important and how it assisted with supplier selection.

explation 100 point