University of South Africa MNP 2601 MNP2601 - Questions and Answers chapter 1- Chapter 10

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University of South Africa MNP 2601 MNP2601 - Questions and Answers Possible Questions & Answers Chapter 1 1. Discuss the objectives of purchasing management – p8 2. Discuss the objectives of... supply management – p8 3. Discuss the elements of the purchasing procedure – p 15 – p23 Chapter 2 1. Discuss the levels of purchasing and supply planning and objectives –p27 ­29 2. What is the advantages of a centralized structure –p33 3. What is the advantages of a decentralized structure –p 33 ­34 4. Discuss the advantages of cross­functional purchasing teams­ p37 5. Name the steps that you will following the process of evaluating the purchasing and supply function –p41 – 49 Chapter 3 1. Name the core principles of supply chain management –p 58 2. Discuss the characteristics of supply chain according to Leenders and Hugo –p59. 3. How would you implement a supply chain –p61 4. What is benchmarking? –p63 6. What is the difference between internal and external benchmarking Chapter 4 1. What do we mean by strategic sourcing? –p 71 2. What is subcontracting? – p74 3. What is outsourcing? – p74 4. Discuss the advantages and disadvantages of subcontracting and outsourcing 5. Name the different phases in the outsourcing decision process – p76 Chapter 5 2 Name criteria that you would use to select a supplier –p83 2 Discuss the supplier selection process – p89 – 93 STEP 1: Identify possible suppliers ⦁ Embassies and consular general officers. STEP 2: Prescreening to reject unsuitable suppliers STEP 3: Conduct research on potentially suitable suppliers. STEP 4: Choose evaluation method and analyze the suppliers STEP 5: Select Suppliers STEP 6: Ongoing measure of supplier performance STEP 7: Supplier accreditation Chapter 6 1. Name the benefits of procuring from Local; National suppliers –p95 2. Discuss the three main ways in which an enterprise may become involved in the development of suppliers –p97 3. What do we mean by captive suppliers –p99 Chapter 8 3 Why is an ethical conduct important for purchasing and supply? –p119 ⦁ Purchasing and supply managers have power over large sums of money; the largest outflow of funds from an enterprise is from the purchasing department. ⦁ Purchasers have the greatest say in which supplier will receive an order. Due to the above the temptation to act unethically are greater. Chapter 9 1. Explain quality from a technical perspective – p126 2. Explain quality from a business perspective – p126 3. Why is internal service quality from a purchasing point of view important?­p127 4. Name the elements of internal service quality – p130 5. Name the main characteristics of TQM. – p131 6. Name the steps that you will use for quality planning. –p132. 7. Discuss the quality control process (9.8) Chapter 10 1. What is a fair price? – p151 2. What is a competitive price? – p151 3. Name the elements of cost in determining price. –p152 – 153 4. What do we mean by Total fixed costs? –p153 5. Name the different supplier pricing models. –p158 – 159 6. What is hedging? –p166 Topic 4 1. Classify capital equipment and provide examples of each category? 2 Explain the role of purchasing and supply management in the procurement of capital equipment? 4. Discuss leasing as an option for acquiring capital equipment? Advantages of leasing: Disadvantages Give reasons why the purchasing of services has become so important.? [Show More]

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