Question: One Picture Has Article And Other Picture Have Questions And Guidelines. Please Unswer As Much As You Can.

Read the following article and answer the questions that follow Beyond procurement Traditional sourcing often fails to deliver. Here’s why. Companies today are continually seeking innovative ways to further accelerate improvement initiatives and increase value and operating profits across the enterprise. Many companies have invested heavily in extensive operational excellence programs. They have “Leaned” their organizations, trained their workforce and enlisted an army of Six Sigma black belts to drive continuous improvement while there are numerous success stories, executives can’t afford to rely solely on these tried and tested methods; they need to look for new ways to drive competitive advantage which take integration and collaboration to the next level. Risk factors As the leaders in an integrated ecosystem, there are inherent risks in not fully understanding the complexity of roles, and the interdependencies of key processes. Innovative companies are realizing they must leverage optionality within their company and with their partners. Failure to effectively manage these partners, resources and risks can have huge financial and operational ramifications. A dramatic rethink is needed For years, corporate sourcing initiatives have attempted to drive bottom line savings, but have consistently failed to deliver on their full promise. A dramatic re-thinking of the traditional sourcing-centric approach commonly used in procurement is key to driving meaningful and lasting value. This vision requires many companies to make a radical change in leadership behaviors, both by the owner and supplier-fortunately the sustainable value delivered provides a compelling return on investment. More progressive company leaders are challenging their procurement teams to play a more strategic role a true orchestrator for next-level value creation which leverages supplier capabilities to drive value at the point of use. Making the right decisions, at the right levels, with the right people holding the right information, supported by the right processes to drive the right results is an often overlooked discipline. Decision governance, orchestrated and executed across the ecosystem, delivers exceptional and measurable value. Please: the following question must be unswered based on the article. Please make examples based on the Article.. Explain the interaction that a company needs to have both internally and external in order to mitigate the risks factors mentioned. in order to address this question one need to Discuss interaction with the internal department. how does the Article becomes relevant through the interaction of internal department. how do they contribute to the interactions and mitigate risk. discuss external linkege e.g customers, suppliers, etc, providing examples of technology, what are the available technologies that can assist with doing business. what are they requesting to the business, what are the current market trends in the market, what do we need to do to assist consumers. engage research and development teams to assist to identify risk in the market. please 3000 words. I beg you it must be based on the article. please reduce words to 2000