Summary: 250 words; Conclusion: 750-1,000 words; Total: 3,500-4,800 words (excluding references)

Please see attached paper for Section 1, 2, 3. This assignment will be adding Section 4 below and is 250 words for the summary and 750-1000 for conclusion.

You will provide a draft of your completed Procurement Life Cycle Plan. This draft will be posted to your discussion board for peer review. The plan will include the following sections:

Section 1: Preparation

Planning the procurement contract

Defining supplier requirements

Section 2: Management

Selecting the appropriate source

Negotiate, select, and award the purchase contract

Section 3: Close Out Contracts

List the elements typically used to manage supplier performance

How will the company be verifying receipts?

What will the invoice process and contract closeout process be, and why is this important?

Section 4: Summary

Executive Summary

Conclusion and Recommendations

Week 4 Assignment: Key Assignment Draft

Section 4: Summary section will include the following:

Executive Summary (or an introduction to your Procurement Life Cycle)

Conclusion or recommendation

Attachment:- scm.docx