Procurement Management - Question and Answer

Running head: PROCUREMENT MANAGEMENT
Procurement Management
Name of the Student
Name of the University
Author Note

PROCUREMENT MANAGEMENT1
Table of Contents
Answer to Question 1.................................................................................................................2
Answer to Question 2.................................................................................................................4
References..................................................................................................................................7

PROCUREMENT MANAGEMENT2
Answer to Question 1
The companies use PESTLE Analysis as a tool that helps them to track the
environment within which their business is operating and provides a broad view of the
business environment. The organisation chosen here to elaborate Pestle analysis in terms with
their procurement is ‘PETRONAS’ which is an oil and gas company in Malaysia. Petronas is
involved in its global operations that consist of exploration, expansion and production of
crude oil and natural gas (www.petronas.com 2020). The Pestle analysis of Petronas will
provide a detailed report on the external factors that can affect the company’s macro-
environment.
PETRONAS PESTLE ANALYSIS
POLITICAL
 Political Instability
 High Taxation
 Trade Barriers
ECONOMICAL
 Impact of Economic Growth at
Global level
 Reduction in Prices of Oil
 High Unemployment Rate
SOCIAL
 Distribution of Population’s Class
 Maintaining Islamic Brotherhood
 Immense Job Cuts in Oil Sector
TECHNOLOGICAL
 New Sensor Technology
 Latest Drilling Technologies
 Technology’s Impact on the
Profits