Answer the following questions.

1. What are the two factors required in developing a supply strategy? (4 points) Explain.

2. Discuss the 4 phases of purchasing sophistication (8 points)

3. Discuss the purpose and phases of a supply strategy framework (8 points)

4. Discuss a supply strategy that you may use for each of the classifications identified in the book ( eg, multi-source, single source, contracts, local, foreign, etc. (5 points)

5.
Discuss the two ways organizations need to strengthen themselves to accomplish their strategy and plans. ( 5 points)