Explain the importance of planning as a foundational activity in the procurement process in a two- to three-page paper (cover page and reference page are required and not included in the page count) and using your research skills address the following:
1. Explain what is Make-or-Buy analysis?
2. What can happen if procurement processes are built on poor planning?
3. What are the benefits of a Make-or-Buy analysis?
4. Provide an example of a procurement process used by a project-based organization found via the web or the CSU Global Library that demonstrate a proper use of the Plan Procurement Management. What do you like about the example?