Employ at least one project you’ve been a team member of, or project manager for, as an instance to contextualize the research topics below:

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

a) The meaning of purchasing and supply management and significance to business world.

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

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

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

e) Evaluation of different organizations which are benchmarks in purchasing and supply management, and their best practices. Give particular exs of companies who show market leadership in purchasing and supply management.