Strategic Approach to Procurement in Construction.

Strategic Approach to Procurement in Construction.

In relation to your own or a fictitious workplace / context (you can select which option, either is fine with the client), demonstrate how you would develop a strategic approach to procurement including an evaluation of what factors would influence the development of an appropriate strategy and how changes could be introduced. This will require a critical analysis of client / company / project objectives, existing relational / contractual arrangement and development of strategic procurement approach for change.

In particular, you should prepare a report for senior management which addresses the following issues:

– General explanation of need and potential benefits of a strategic approach to procurement including the potential adoption of alternative procurement systems;

– Critical appraisal of current methods of working, relational/ contractual arrangements and procedures;

– Analysis of the key factors which aim to improve procurement performance;

– Identify a strategy for change, setting out new policies and proposed changes;

– Explain how this strategy would create competitive advantage for your business

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