Module: LCAP7065 Legal and Contractual Arrangements in Purchasing COURSEWORK with two assignments: Business Report and Reflective Commentary 1. BUSINESS REPORT (3000 words) Assignment Brief A critical review of the importance of legal oversight and effective contract management in purchasing functions. Background Numerous examples exist in practice, of how ineffective purchasing contract management have resulted in hefty fines, penalties, damages, losses, litigations or reputational damage to large organisations. Often, these damages arise from very avoidable circumstances which could have been mitigated if robust contract oversight and/or contract management structures were in place. For instance, many large organisations have separate procurement and legal functions which infrequently work together in a co-ordinated manner. The questions are whether these fines and penalties have driven an attitudinal change to a closer collaboration and communication in large organisations, o
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