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

In summary, this report has focused on evaluation the selection criteria and sourcing strategies for enabling appropriate selection of suppliers for goods, services and works. Through a focus on Ericsson organisation different spend categories, a set of sourcing approaches have been identified. The approaches have been evaluated through the application of different tools and techniques. This is with different available data from Ericsson spend categories being evaluated in detail. Further, for the different approaches, the risk analysis and potential challenges impacting their implementation. The findings indicate that there is no one-size-fits all approach for selection criteria and sourcing strategies. The best practice is dependent on the organisation category of spend and suppliers availability. A set of recommendations can be provided for successful formulation of selection criteria and sourcing strategies. These include;

• In SWOT analysis, one of the identified weakness is failure to use technologies in their sourcing approach. As a best practice, Ericsson can make investments in modernised technology including AI, machine learning in improving their sourcing strategies
• Since there is no one-size-fits all approach of selection criteria and sourcing strategies, the best practice would be to harness collaborative and partnerships relations for success of their sourcing.
• Pursue a holistic L&D practices by the PS&M in order to understand the best sourcing approach which would be in a position of enhancing the overall process of sourcing
• Further, from the risk analysis, some of the risks identified are not UpToDate. Hence, it is important continuously updating supply chain networks for identifying potential risks which are internal and external.

Solution 5.0 Ethics and Social Responsibility 5.1 Current Status Nutribite as a leader in KSA food sector, their CSR strategy

• This business report has been used for evaluating the category and contract management in Eco2Solar Company.
• In particular, Eco2Solar operates to improve their project management (PM) and Cost Management (CM) as part of their category management has been evaluated.
• The areas of focus has included an evaluation of requirements for initiating and preparing category management, strategic and conventional sourcing process and role in contract management, tools and techniques for mapping categories of direct and indirect expenditure.
• From the findings obtained, innovative measures for improving the supply chain in light of categories and category management has been recommended.
• Further, in this business report, the contract administration and contract management in case of category management has similarly been evaluated in context of category management this is with assessment of risks and implementation of risk management techniques in contracts being reviewed in context of category management.
• In order to appreciate the best practice in category and contract management in the selected Eco2Solar construction spend area, use of quantitative and desk research has been pursued to obtain relevant data.
• Additionally, different tools have been applied such as Mendelow Stakeholders analysis, CIPS Category Management Cycle, CIPS Contract Management Cycle, Suppliers positioning, PESTLE analysis and SWOT analysis.
• Considering this business report findings, Eco2Solar need to improve their approach for risk management and efficiency and effectiveness of category and contract management.
• From these finding, the stakeholders collaboration in Eco2Solar need to be improved which can be done by embrace of blockchain technologies.
• Also, by identifying their PS&M teams training and capacity development, they would be able to improve on their category management. In the contemporary procurement environment, the training and capacity development has been noted as the best practice to manage gaps in their operations. Also, the findings indicate the need for Eco2Solar to improve their category management of their construction spend by coming up with appropriate SLA’s agreement and KPIs while ensuring they capitalise on innovativeness.
• For the project management and cost management, this being a long-term investment would require an improved auditing. This can entail embrace of analytics to analyse and present contract management data and appropriate management strategy.
• The importance of improved collaboration is ensuring stakeholders active involvement and awareness on core decisions made as this could harness their practice, contribution and suggestions noted.
• By successfully pursuing stakeholder analysis, it is important to maintain stakeholders relations which promote Eco2Solar organisation image and increase their market share.