Evaluate how the different stages of the procurement process can help the organisation to achieve competitive advantage .

Procurement, Risk and Contract Management

Procurement involves the management of an organisation’s external resources to ensure that the goods, services, capabilities, and knowledge that are necessary for an organisation to achieve its aims and objectives are supplied in an effective and efficient manner.

For an organisation of your choice, you are asked to:

(a) Evaluate how the different stages of the procurement process can help the organisation to achieve competitive advantage .
(b) Analyse the key risks that the organisation faces at the different stages that you have identified in part (a) .