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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:2012



TIME: 2 HOURS
Instructions:
SECTION A (COMPULSORY)
Question One
You have been appointed as a consultant for a firm dealing with pharmaceutical product. Due to the sensitivity of the procurement function and the responsibility of total spend, you have realized that the organization lacks a properly documented purchasing process. The key task ahead is to come up with a purchasing manual.
Required:
Define a purchasing manual.
Highlight the contents of a purchasing manual.
Discuss the advantages of a purchasing manual and write a brief report to the management why such a document is necessary.
(15 Marks)

Question Two
The emergence of green procurement in becoming eminent in most organizations today. Discuss the meaning of green procurement highlighting the major impact it has in management of supply chain of organizations today.
(15 Marks)

SECTION B (Answer any Two)
Question One
Discuss atleast TWO documents used at each stage in the procurement cycle.
(20 Marks)

Question Two
Discuss the main procurement management risks the effects they have and how they can be reduced. (20 Marks)

Question Three
Discuss briefly the following procurement management activities.
Forward buying
(4 Marks)
Volume contracts
(4 Marks)
Blanket orders
(4 Marks)
Call-offs
(4 Marks)
E-procurement
(4 Marks)




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