When purchasing strategic high value products in the centre-led sourcing model, thefollowing process is typically used: the buyer would confirm requirements, gain knowledgeabout the industry and markets, select an appropriate strategy, identify suppliers, develop animplementation plan, negotiate and select suppliers, implement the transition to the newsupplier, and monitor market trends. Which step do you think is the most crucial to theprocess, and why? Breakdown the activities within the chosen step, and explain why youthink that step is the most important