(Solution) 5CO03 working inclusively and building positive working relationships with others

Solution Learning Outcome 3: Be able to apply learning to enhance personal effectiveness.   Assessment criterion 11 – Assess the

Solution Task Questions   Explain how organisations strategically position themselves in competitive labour markets (AC 1.1) Word count: Approximately 300

Executive Summary In this first assessment covering modules “driving value through procurement and supply and managing expenditures with suppliers”, the focus is outlining the importance of a category of spend to organisation stakeholders. The selected category is logistic services as sourced by Saudi Arabia Maaden Petrochemical Company (SAMAPCO). In specific, the logistics services are handled by JAS Company in Saudi Arabia. Further, in this assessment,  brief market analysis has been pursued with a detailed evaluation procisded on th scope of procurement and supply management (PS&M) department lead to development of value for money outcomes. At the end of this assessment, the current approaches in placxe for managing costs and prices for the logistics service spend area influencing markets in SAMAPCO has also been an area of focxus. The findings in this report are informed by various models and tools including Mendelow Matrix, STEEPLED analysis, SWOT and Porter’s 5 Forces all which evaluate PS&M functions in managing costs and operations in the highly competititve business environment. The main findings in this assessment evidence that for the logistics service sourced by SAMAPCO, value for money outcomes is successful. In particular, by engaging JAS Company, the organisation has managed to be appropriately positioned to leverage on competitive advantage in the petrochemical industry in Saudi Arabia (KSA). Another key finding is that by setting a priority in considering their different stakeholders interest and pursuing the set Key Performnce Indicators (KPIs) and Service Level Agereements (SLAs), SAMAPCO business objecives would be sustained and successful (future oriented). The findings and conclusions in this assessment inform on a set of gaps which could be managed by pursuing the following recommendations;

• Expansion of the best strategy in embracing on modernised technology as part of stakeholders management
• Come up with customised strategies for improving value for money outcomes unique to logistics spend area
• To involve local and regional supploers to cut costs through gaining in terms of discounted costs
• Consider re-evaluating their financial capability for an effective logistics sourcing with all uncertainities eliminated

Invest in building their excellence, fairness in engaging all stakeholders, innovativeness and honest-based operations

Executive Summary This is a business report which evaluate category and contract management using Occidental of Oman (Oxy) organisation in Oman. Specifically, the best practice in category management for harnessing project management and cost management effectiveness has been evaluated. Further, in this business report, entire requirements which guide initiation and readiness in category management, conventional-based sourcing strategies, contract management, techniques have been put into account. In this report, the findings evidence that Oxy organisation operates an effective risk management strategy in contract and category management. Further, to identify the PS&M members capacity development, they are well positioned in implementing their category management. This is with appropriate capacity development required for mitigating existing gaps in their practice. The findings similarly evidence Oxy PS&M as having been successful in sourcing the Health and Safety Equipment (HS&E). To enhance innovativeness in this area, the organisation capitalise on SLA’s and KPIs with auditing being essential for their practice. Further, through an effective use of data analytics, analysis and presenting contract management data and best management process. This enhance stakeholders collaboration and being aware of decision making promoting operations, input and suggestions made. Through stakeholders analysis, stakeholders relations are essential for maintaining stakeholder relations improving the Oxy image and overall market share. In this report, there are identified gaps which need to be mitigated. These gaps would be managed by use of the following recommendations which are;

• Investing in blockchain technologies, cloud-based platform and L&D strategy for contract management strategy to improve entire stakeholders relationship
• Increasing budget assigned in their PS&M post-COVID pandemic economic recession
• Initiate an organisation team members to improve how they integrate and harmonise PS&M approach in the organisation
• Prioritising on increasing team-based working in their sourcing with entire vendors involved for achieving cost saving
• Engagement of various organisations to improve on skills, competency and acquiring relevant talents
• Approving budget intended to implement risk analysis for various potential risks faced