Purchasing Strategy

Question 1

Write a 1,050- to 1,400-word paper in which you do the following:

• Describe the project procurement planning process.
• Identify the most valuable output of the plan procurement process and explain why you believe it is most valuable.
• Explain the various contract types and describe who–buyer or seller–has the most risk for each contract type.
• Explain methods that can be used to mitigate the risks for each contract type.
• Develop a project monitoring process to track procurement orders for the project.
• Describe a source selection criterion that would be applicable to any project.
• Analyze the ethical concerns that should be considered when identifying source selection criteria.
• Explain the role of risk management in the procurement planning process.

Format your paper consistent with APA guidelines.

Question 2

The price of an item is an important component of decision making in procurement, but is not the only factor for a final decision. Write a three- to -four page, APA style paper that reviews the overall components of a pricing strategy. Include examples from external research to support your views. Describe a company that has used a purchasing strategy to improve the financial impact of the company. Use at least one scholarly source from the University Library to obtain examples.