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Principles Of Purchasing B(Pscm 024) Question Paper

Principles Of Purchasing B(Pscm 024)

Course:Accounting, Finance& Investments

Institution: Kenya Methodist University question papers

Exam Year:2012

TIME: 2 HOURS
Instructions:
Answer question One and any other TWO.
Question One
Differentiate between centralized and decentralized purchasing and give advantages of each.
(10mks)
Explain the meaning of traditional purchasing procedure and give its inefficiencies.
(10mks)
State the main objectives of purchasing.
(10mks)

Question Two
Explain the role of the following documents in the purchasing procedures.
(12mks)
Purchase order
Invoice
Purchase requisition
Suppliers quotation
Explain in details the meaning and purpose of material management.
(8mks)

Question Three
Discuss the main principles of purchasing.
(10mks)
Define the term sourcing and give four sources of information relating to potential supplier.
(10mks)

Question Four
Explain the attributes of a good supplier.
(10mks)
Give the meaning of logistics management and explain the activities that are involved in it.
(10mks)

Question Five
Explain the meaning of ethics and give reasons why there should be ethics in purchasing and supply.
(10mks)
Define what is outsourcing and explain problems associated with outsourcing in purchasing.
(10mks)

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