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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
One of your colleagues in the procurement department has been appointed as a senior buyer in a large manufacturing company. Write a report and advise him on the following.
The criteria he would use in identifying a suitable supplier. (8mks)
Explain the aspects he would assess when appraising supplier. (12mks)
Briefly explain the stages of the negotiation process, indicating what parties need to do at each stage for the process to be successful.
(10mks)

Question Two
(i) Define the term quality management.
(2mks)
ii) Quality management is guided by eight principles. Discuss each of them. (8mks)
Clearly describe the differences between modern procurement management and traditional purchasing.
(10mks)

Question Three
Discuss the stages of the procurement cycle as followed by organization, highlight the main document used at each stage of the cycle. (20mks)

Question Four
What rationale is used by organizations in making the decision to use single sourcing to meet their needs for material requirement?
(10mks)
Describe the main methods organizations may use to route their suppliers indicating the advantage and disadvantages of each.
(10mks)

Question Five
Discuss the application electronic data interchange in procurement operations highlighting the benefits of the system to the organization.
(10mks)
Describe ways through which an organization can increase efficiency of its inbound logistics channels.
(10mks)

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