Procurement is said to follow a procurement cycle. Required (a) Describe the procurement Cycle. [15 marks] (b) What is the significance of procurement planning in a project? [10 marks] QUESTION FOUR One of the objectives of procurement is to deliver goods and services needed to support the operations of a company. Required: (a) Discuss the importance of developing the correct specifications. [10 marks] (b) Explain, using examples, three (3) types of specifications commonly used in industry describing their merits and demerits. [15 marks]