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Principles Of Purchasing (Pscm 024) Question Paper

Principles Of Purchasing (Pscm 024) 

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
Define the following terms
Purchasing
(2mks)
Procurement
(2mks)
Explain the role of purchasing and supply department in an organization.
(8mks)
Discuss the factors influencing centralization of the purchase and supply department.
(5mks)
Identify four typical fraundulent activities in purchasing and supply and methods of prevention.
(8mks)
Explain five different types of purchasing and supply department records.
(5mks)

Question Two
Describe the purchasing cycle and the document involved at every stage of the cycle.
(15mks)
List five advantages of functional organizational structure.
(5mks)

Question Three
Define the term outsourcing and explain the consideration made in deciding what to outsource.
(10mks)
Describe the factors considered in make or buy decisions.
(10mks)

Question Four
What is international sourcing?
(3mks)
What factors lead the organization to sourcing internationally. (10mks)
List seven challenges in international sourcing.
(7mks)

Question Five
Discuss the advantages of standardization from procurement concept.
(6mks)
Discuss five key purchasing techniques used to purchase common items (small values) in an organization.
(5mks)
Discuss the role of the tender committee in procurement
(10mks)




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