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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
You have been selected to a procurement management committee of your organization and tasked with the designing of job function of the procurement manager. Discuss the various roles you will assign to the bearer of this title.
(10mks)
Discuss at least three major functions of procurement in an organization.
(10mks)
Describe the meaning of "value-based strategic procurement" and highlight its various objectives in business management process.
(10mks)

Question Two
As procurement progresses from its traditional tactical role to a new strategic role, some areas of its function could lead to confusion and cause conflict. Describe at least six such areas and discuss the nature of the conflict under each area. (20mks)

Question Three
Describe JIT purchasing and discuss its basic principles.
(10mks)
Discuss how you can transform a traditional procurement practice to a strategic function.
(10mks)

Question Four
Describe the meaning of the concept of value for money in procurement.
(10mks)
How can the traditional principles of purchasing are improved upon by a procurement professional to ensure value for money.
(10mks)

Question Five
Discuss the meaning of the concept of relationship management and how it can be implemented in procurement.
(10mks)
Describe the role of suppliers in helping procurement transform into a strategic function.
(10mks)




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