Identify a product, service or category of spend and outline its importance and impact to your organisations stakeholders.

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Task Identify a product, service or category of spend and outline its importance and impact to your organisations stakeholders. Prepare a brief market analysis(using Analysis tools mentioned in module 2) and demonstrate how your procurement function will produce value for money outcomes. Your final submission should also review the current approaches to managing prices and costs for the product , service or category you have identified (can mention the technical and commercial evaluation procedure), as well as highlighting the impact of markets to secure cost savings for your organisation. – The product is: pipes ( around 50% of Company spend) – Organization: XYZ (oil & gas Company – Refinery) – Referring modules: Module: Driving Value through Procurement and Supply Module: Managing Expenditures with Suppliers ** All the writing assignment shall reflect understanding to The modules slides 1 & 2 which are attached. ** The details guidelines which is mandatory to follow is attached First of all, read the guidelines carefully. Then, take a look in modules since the assignment shall reflect the tools and information studied in the modules. If you need extra details please send me a message.

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