take the automobile industry and explain the above question with full information upto 2 pages of word document

Group Name Group 2 Instructions Assignment (2) Purchasing policies are setting the roles and procedures for purchasing in a company. In this assignment, you are required to select one industry and consider yourself working in the purchasing department. 1. List what is industry you are working on? What raw materials do you purchase for your production process? 2. Think and write down what would you include in the objective of the purchasing policy. (Minimum five objectives - one per each group member with an explanation of how this will benefit your organization) Example: The role of the purchasing policy is to define standard methods and procedures for the Company to purchase products and services from different vendors. This policy covers all expenses for the company including items like taxes, payroll payments, etc. Those are defined as exceptions in the policy and proper procedures are defined to manage these payments. 3. The purchasing policy is not the only document where you should talk about the role of the procurement or purchasing department. Such policies vary by each company based on their needs; you are required to write from your own opinion what are the roles of the purchasing department (Minimum five objectives - one per each group member with explanation of how this will benefit your organization) Example: "The role of the purchasing department to help the organization get the best value for the product and services we purchase, reduce cost, reduce supply risk, and enabling stakeholders to reach their business goals." Kindly note the following: Any form of plagiarism will not be tolerated. (Kindly refer to the College's definition and policy of plagiarism) Late submission is allowed only for 2 days with a 20% penalty. Any submission after the 2 days will be discarded and you will get a grade of 0. The minimum is 2 pages and the maximum is 4 pages. You can add illustrative graph(s)/ Chart(s) if you like. (Excluded from the two