Project Risk and Procurement Management for Reflektion: Sourcing Methods and Strategic Source Framework
VerifiedAI Summary
The study analyses project risk and procurement management for Reflektion, a software company in the USA. It determines different acceptable levels of risks and proposes a strategic source system for value growth and excellence of procurements. The report examines various methods of sourcing and supplier base for Reflektion and suggests a diplomatic source system. The strategic source framework is proposed to satisfy business requirements and incorporate values to business. The report also discusses the importance of procurement for global organisations.