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Principles Of Purchasing And Supplies Management (Dpsm 024) (Pscm 024) Question Paper

Principles Of Purchasing And Supplies Management (Dpsm 024) (Pscm 024)

Course:Accounting, Finance& Investments

Institution: Kenya Methodist University question papers

Exam Year:2013

TIME: 2 HOURS
Instructions:
Answer question one and two others
Question One
Briefly differentiate the following purchasing terms.
Make of buy decisions.
(3 marks)
Multiple sourcing and single sourcing.
(4 marks)
Supply chain management and supply management.
(4 marks)
Stores management and inventory management
(4 marks)
Name any five activities of a logistical system.
(5 marks)
Outline the various advantages associated with a centralized purchasing model.
(10 marks)

Question Two
Discuss the various perspectives that a firm can use to appraise or evaluate potential suppliers.
(10 marks)
Expediting is a term used in order processing various organizations. Discuss the advantages and disadvantages that may be associated with expediting.
(10 marks)

Question Three
Discuss the various attributes that may be regarded as desirable of a typically listed supplier.
(10 marks)
Briefly discuss the tendering procedure that a firm can use to embark on a tendering process.
(10 marks)

Question Four
Explain the five methods used by a buyer to purchase small value purchases in any organization.
(10 marks)
Explain five examples of suppliers/purchasing related fraud cases.
(10 marks)

Question Five
Standardization is an activity in purchasing supply. Briefly discuss what is standardization and the various advantages associated with the same.
(10 marks)
Purchasing manual is a medium for communication regarding purchasing policies, procedures, instructions and regulations. Briefly discuss any five advantages of purchasing manual and any possible disadvantages.
(10 marks)

Principles Of Purchasing And Supplies Management (Dpsm 024) (Pscm 024) Question Paper

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