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Procurement Management(Pscm 332) Question Paper

Procurement Management(Pscm 332)

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
Discuss the differences between adversarial and partnership approach to negotiations in global sourcing.
(10 Marks)

Explain the role of procurement in an organization.
(10 Marks)

Discuss the challenges faced by organizations while sourcing from international market
(10 Marks)

Question Two
Explain the key benefits of outsourcing.
(10 Marks)

Discuss the main reasons for sourcing internationally.
(10 Marks)

Question Three
Discuss the key considerations in make-or-buy decisions.
(10 Marks)

Explain the limitations of Electronic Data Interchange (EDI) in developing an international procurement programme
(10 Marks)

Question Four
Highlight the stages in the procurement process
(10 Marks)

Many companies are adopting the concept of Total Quality Management (TQM) as a means of gaining competitive advantage in the market place. Explain the role that purchasing department can play in TQM.
(10 Marks)

Question Five
Discuss the sourcing process in procurement.
(12 Marks)

Explain the factors that should be considered when evaluating potential suppliers.
(8 Marks)

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