Identify the different types of risk and uncertainty that organisations face when purchasing critical components. How might these risks be reduced and even minimized?

Carry out a literature review on OBB&S including at least 10 additional pieces of learning  and write 3,000 – 3,500-word synopsis of what you have
learned throughout the entire course, referencing the books and papers reviewed.
Ensure that your paper addresses following questions  based on literature review and at least ONE case study of your choice with enough background information
Ql.What type of purchasing organization do you consider more suitable for the chosen case?example, and why?
Q2.What are the challenges faced by a supply manager working in:

(i) a highly centralized
structure?,

(ii) in a highly decentralized structure?, and

(iii) in a hybrid structure?
Q3.Suppose in your strategic plan, you have identified that the ‘X’ supplier of ‘Y’ product is the supplier who has the most purchasing volume, and you want to negotiate a contract of ‘Y’ product for the next three years. How do you raise the negotiation to maximize the competition?
Q4.Identify the different types of risk and uncertainty that organisations face when purchasing critical components. How might these risks be reduced, or even minimised?
ractice. Also consider a latest Industry.

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