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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.
Question One
Procurement is a very important process in a firm explain the roles it plays.
(10mks)
Illustrate the procurement and outsourcing variables.
(10mks)
Illustrate how an integrated procurement program can be developed.
(10mks)

Question Two
Discuss how procurement is a value proposition in an organization. (10mks)
Distinguish between modern purchasing and traditional purchasing.
(10mks)

Question Three
Measurement and performance of vendor/supplier is very critical. Explain why this is so.
The quality measurement tools plays an important role in ensuring that the procurement process is efficient. Explain the quality management tools.
(10mks)

Question Four
What rationale do firms use to select multiple sources for a single good or service?
(10mks)
Illustrate the negotiation process relating to procurement and outsourcing in a business process.
(10mks)

Question Five
Explain the roles of the procurement manager.
(10mks)
Procurement plays a very important role in any form. Explain its importance.
(10mks)

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