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Procurement And Supply Chain(Pscm 043)  Question Paper

Procurement And Supply Chain(Pscm 043)  

Course:Accounting, Finance& Investments

Institution: Kenya Methodist University question papers

Exam Year:2013



TIME: 2 HOURS
Instructions: Answer question one and any other two.
Question One
Explain the meaning of the following terms giving an example of each.
E-procurement.
Supply chain management.
(5mks)
E-sourcing
(5mks)
Customer relationship management.
(5mks)
E.D.I
Outline the key supply chain process as stated by Lambers (2004). (8mks)
Briefly discuss five challenges faced by procurement professionals in Kenya.
(10mks)

Question Two
Explain the evolution of supply chain up to days. (20mks)

Question Three
Explain the benefits and shortcoming of holding inventory.
(10mks)
Explain the how type of costs association with inventory. (10mks)

Question Four
Identify five key enablers of supply chain.
(10mks)
Despite the increase in supply chain managers risks and uncertainties do occur. Briefly describe five kinds of risks and their mitigation. (10mks)

Question Five
Just in time (JIT) seems to gain a lot of popularity in Kenya today. By use if examples, highlight the benefits of Just in time.
(10mks)
The emergence of green procurement in becoming eminent in most organization today. Discuss the meaning of green procurement highlighting the major impact it had in management of supply chain of organizations today.
(10mks)




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