Procurement Management

Running Head: PROCUREMENT MANAGEMENT
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Procurement
Management
Student details:

PROCUREMENT MANAGEMENT 1
Contents
Retail trade market in Australia........................................................................................... 1
Possible sustainable procurement practices for Coles.................................................................3
Project integration management plan..................................................................................... 6
References..................................................................................................................... 9

PROCUREMENT MANAGEMENT 2
Retail trade market in Australia
Australia is one of the most developed societies in the world and includes about 24 million of the
total population of the earth. Australia's Retail Sales has witnessed a growth of 3.7 % Year to
year in September 2018, matched with a 3.7 % growth in preceding month (Mordorintelligence,
2019). This segment is categorized based on produce group, delivery channel, and market
undercurrents. Australia registered an ominously high per capita Gross Domestic Product, value
at about United States Dollar 50,000. Besides, it recorded the subsequent highest average wealth
per adult. The Australian retail sector has witnessed a great growth, notwithstanding suggestively
little increase in salaries and rising domestic debt. Stimulating development is listed by the
covering marketplace, held by reduced interest rates and growths in domestic praise and affected
the consumer-spending design (Adams, Parmenter & Verikios, 2014).
Americans and Australians have a resilient association that spans the antiquity of both nations.
Australia and US have common cultural and language considerations because of this these
nations have helps each other at a great extent in history.
The future of retail sector of Australia hinges on troublemaking forces. For instance, the
changing buyer spending arrays and invasion of foreign corporations that focuses on framing
fresh tactics in retailing.
Also, the segment is facing interruption. The increasing influx of foreign enterprises has resulted
in changing the retail landscape and taste and preferences of the consumer. There is a substantial
change in buyer preferences, principally due to the developments in technology.
The Australian retail chain needs agility and multiplicity of delivery platforms, which can detect
non-responsive traders.
The sector registered has registered a growth rate of 5% in New South Wales, 3% in Victoria,
and 2.6% in South Australia (Latter, Phau & Marchegiani, 2010). The growth of economy in
Australia was majorly driven by individualistic investments in mining and house markets, with
rate of inflation at 1.75%, which is comparatively less than what is detected by Reserve Bank.
The graphical representation below represents sales growth of fashion E-commerce Industry of

PROCUREMENT MANAGEMENT 3
the year 2017 in Australia. The retail sector of female garments has witnessed an immense
growth i.e. of 43.80% (Booth, et al. 2018). Therefore, if investments are made on women’s
fashion can be fruitful for the sector but at the same time this segment of the sector faces a huge
competition.
(Source: Modorintelligence, 2019)