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Principles Of Purchasing(Pscm 210) Question Paper

Principles Of Purchasing(Pscm 210)

Course:Accounting, Finance& Investments

Institution: Kenya Methodist University question papers

Exam Year:2012

TIME: 2 HOURS
Instructions: Question ONE is Compulsory; Answer any other Two Questions
Question One
Crystal Enterprises is starting a new product line that requires new components and services. The company is looking for qualified entities that can help them get the components and services. As a consultant, help crystal enterprises to locate the best supplies in the market. Further, explain to them how they can select the best supplier.
(10 Marks)

Capital equipment is necessary in organizations. Explain.
(5 Marks)
A supplier indicates that they are offering the best supplies in the market. Your company is interested in the offer but the prices per unit are ridiculus. Explain the aspects of negotiation you will present to the supplier.
Write short notes on the following;
(10 Marks)
Purchase requisition Vs EDI.
Post ordering phase.
Ethical practices in purchasing.
Purchase specification.
Suppliers Quotation.

Question Two
Outsourcing is unavoidable in many organizations. Discuss.
(10 Marks)
Highlight the necessity of tendering in the purchasing function.
(10 Marks)

Question Three
In organization, purchasing is done using procedures that are approved. Discuss the operating procedures in purchasing.
(20 Marks)

Question Four
Discuss the relevance of negotiation to supplies and the purchasing function. (Use practical examples to support your answer). (20 Marks)

Question Five
Relationships between the management and suppliers are critical. Explain why such relationships are necessary for organizational performance.
(20 Marks)

Principles Of Purchasing(Pscm 210) Question Paper

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