External influences
What are external influences, and what effects can they exert on the procurement management process? What mitigation strategies can be used to mitigate these effects? Use specific business examples to illustrate your explanations. I need references.175 WORDS
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External influences refer to the outside factors that can affect the functionality of a process. A procurement management process is an exercise that involves the purchasing of goods and services from an outside source (Kakwezi & Nyeko, 2019).  One external factor that can affect procurement is the market fluctuation. A scarcity of a product can cause its price to increase, which strains an organization’s procurement budget. Another external factor is currency fluctuation. Investments…
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