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Principles Of Purchasing(Pscm 024) Question Paper

Principles Of Purchasing(Pscm 024)

Course:Accounting, Finance& Investments

Institution: Kenya Methodist University question papers

Exam Year:2012

TIME: 2 HOURS
Instructions:
Question One
State the difference between purchasing and procurement.
(6 Marks)
Explain why it is necessary to study purchasing.
(12 Marks)
Discuss briefly the process of purchasing and design
(12 Marks)

Question Two
Define decentralization and explain its advantages in purchasing.
Explain the disadvantages of centralization in purchasing.
(8 Marks)

Question Three
Discuss clearly the purchasing procedures.
(12 Marks)
What are the advantages of EDI in purchasing
(8 Marks)

Question Four
Explain the sources of information relating to potential suppliers.
Evaluate the advantages of partnership sourcing in purchasing.
(10 Marks)

Question Five
"Most procurement officers have landed into cells because of their procurement actions". Discuss. (20 Marks)

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