Project Risk and Procurement Management

Assignment Brief

Strategic procurement depends on strong "Supplier Relationship Management" (SRM) where procurement professionals are concerned about developing robust supplier relationships and negotiating favourable terms and conditions. In the future, it is expected that supply chain structures will become more complex and choosing the right supplier will be more critical. Increasingly stringent supplier requirements will become routine, and demanding purchasers will expect suppliers to demonstrate their essential competencies. Supply chain risk, scarcity of raw materials, environmental, sustainable and economic issues will lead to increased pressure on these buyer- supplier relationships.

You are to consider a UK business that sources food materials extensively from Greece and discuss how it can manage the dangers of economic and other risks arising from this relationship You are asked to critically discuss how the procurement function can manage a network - often global - of vendors and suppliers that can quickly become inoperative due to rapid shifts in the business environment. You are expected to provide appropriate case study examples to illustrate your answer.

This coursework should follow a structured approach and should be prepared and presented as a professional business report. You should undertake a relevant literature review that helps inform your investigation. Please also ensure that the Harvard Referencing System is adhered to and fully complied with.What is a literature review? If you do not understand this concept, it is hard to get anything done in this master programme.

A literature review has two primary purposes:

1. showing the marker that you are aware AND that you understand the theoretical concepts you are concerned with (risk, SRM, sustainable procurement, etc.)

2. preparing a "tool-box" for your own use in other parts of the paper (typically case studies in which you APPLY theoretical models/tools/frameworks you have previously reviewed and considered applicable to your case).

So for this final paper, your literature review needs to cover "how the procurement function can manage a network - often global - of vendors and suppliers" from a theoretical perspective (how do you do this? What is procurement? How does the procurement function manage suppliers and vendors? etc.).

Since you then need to discuss "a UK business that sources food materials extensively from Greece" and "how it can manage the [...] risks", your literature review will need to pay particular attention to risk management in supply chains as a particular type of projects.

Project Risk and Procurement Management

Task:

Read the ‘erp risk' case attached and produce a risk matrix and risk register for the risks outlined in the article. Contribute your findings in the relevant class topic.

This is an individual assessment worth 50% of the module mark. Word length 3000 words (do not exceed word limit). Do not include the cover page, abstract, table of contents or References section in the word count.

Your paper should have a clear structure, with:

- a cover page (student number, module title, assignment title, word count (effective, not max), declaration of originality
- an abstract (300 words max, one single paragraph)
- a table of contents
- the main body of the paper - you have full creative control over the structure, but do use section headings to signpost your work
- references list - this is mandatory at Master level

Attachment:- Final Assessment.rar