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Purchasing And Procurement Management (Pscm 332) Question Paper

Purchasing And 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
Purchasing managers are tasked with different roles in the company thorugh within the purchasing department. Discuss the role of the purchasing manager in:
Supplier management and vendor sourcing and analysis
Cost reduction and efficiency improvements.
(30 marks)

Question Two
In procurement there are areas in which confusion between the traditional tactical role and the new strategic role arises leading to conflict. Explain five areas of conflict. (20 marks)

Question Three
The overall objectives of the purchasing function are to buy the right materials in the right quantity for delivery at the right time and place. Outline the goals of purchasing. (20 marks)

Question Four
Explain the challenges of supply.
(10 marks)
Outline the advantages of outsourcing.
(10 marks)

Question Five
The just-in-time (JIT) system has a large potential of benefit due to its widespread application throughout the world. Outline the strategies which should be adopted in JIT purchasing implementation. (20 marks)

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