Reference no: EM13230023

Use at least one project you have been a team member of, or a project manager for, as an example to contextualize the research topics below:

All of the following topics must be addressed in order for the paper to be complete:

a) The definition of purchasing and supply management and the importance to the business world.

b) The steps of the creation of a project supply, service, and material budget from detailed requirements.  

c) How to select the most qualified suppliers and strategies for negotiating prices.

d) The benefits and costs of outsourcing, and the growth pattern of outsourcing.

e) Evaluation of the various organizations that are benchmarks in purchasing and supply management, and their best practices. Provide specific examples of companies who show market leadership in purchasing and supply management.