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Strategic Purchasing And Supplies(Pscm 042) (Pmgt 042) Question Paper

Strategic Purchasing And Supplies(Pscm 042) (Pmgt 042)

Course:Accounting, Finance& Investments

Institution: Kenya Methodist University question papers

Exam Year:2013

TIME: 2 HOURS
Instructions:
Answer question one and any other two questions.
Question One
Strategy formulation and implementation in any organization requires resources. Identify some of these resources.
(4mks)
Explain how development of partnerships with key suppliers will reduce strategic acquisition costs.
(8mks)
Managers must review corporate strategic now and again. Explain why this is so.
(8mks)
Discuss the natural characteristics of corporate strategy in an organization
(10mks)

Question Two
Discuss briefly, the steps to be followed in the implementation of strategies.
(10mks)
Highlight the benefits of benchmarking.
(10mks)

Question Three
Describe the contribution of purchasing and supply function to organizational efficiency, effectiveness and profitability.
(10mks)
Explain the advantages and disadvantages of centralized purchasing structure.
(10mks)

Question Four
Identify the various benefits of conducting an environmental analysis before formulating purchasing strategies.
(10mks)
Describe the main levels in which strategies are formulated in organization.
(10mks)

Question Five
Explain some of the factors that affect the dynamic and complex strategy development in public sector organization.
(10mks)
Outline some of the ways an organization may use the "unfreeze" old behavior and lessen resistance to introduction of new strategies in organization.
(10mks)

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