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<=Craft Certificate in Supply Chain Management Module II : Supply Chain Management and Purchasing Principles July 2023 past paper

Outline three disadvantages of using the fixed price method when purchasing materials for an organization

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Questions List:

1. State three aspects of the supply market that a purchasing officer may cover when undertaking a market survey
2. List four types of warehouses that an organization may establish
3. Outline three disadvantages of using the fixed price method when purchasing materials for an organization
4. State three reasons why some organizations prefer sourcing material requirements from the local market.
5. Outline three ways in which an order acknowledgement note may be useful to a buyer.
6. List three reasons why a buyer may request for replacement of delivered goods.
7. State the importance of a commitment register in the procurement process.
8. Outline four factors that may be considered when determining the cost of transporting goods
9. .List three characteristics of the installment payment terms
10. List three security measures that may be put in place to prevent theft of goods during the receipt process
11. Explain four environmental conservation measures that an organization may put in place when transporting goods by road
12. Outline six factors that an organization may consider when sourcing material requirements from foreign markets
13. Explain four ways in which the purchasing department may contribute to poor relationship with the finance department in an organization
14. Outline six types of information that is contained in a tender evaluation report
15. Explain six factors that may influence an organization in setting its purchasing objectives
16. Outline four ways in which a purchasing ordering process
17. .Explain four benefits that may accrue to organization from establishing the right price to acquire its material requirements
18. Outline six aspects that a purchasing officer may cover during supplier appraisal.
19. Outline four methods that a purchasing officer may use to expedite orders placed with suppliers


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