Question 1:
(a) Illustrate out the objectives of Procurement Development Model.
(b) Illustrate out one Procurement Development Model you are familiar with as a tool used for assessing the contribution of the procurement function in an organisation.
(c) “In certain organisations procurement has become a strategic proactive process that contributes as much as-or more than other business functions to profitability, corporate growth and competitive advantage.” Describe the characteristics of procurement function in these organisations.
Question 2:
(a) Illustrate out Life Cycle Costing? Explain briefly the methodology for Life Cycle Costing.
(b) What are the criteria to consider when a procurement officer is faced with decision of procuring employed equipment instead of a new one?
Question 3:
(a) Illustrate out Service Level Agreement and enumerate the elements in Service Level Agreement.
(b) Describe and discuss the processes involved in establishing and implementing a Service Level Agreement.
Question 4:
“Principled Negotiation Strategy rather than Positional Bargaining is key to conflict resolution in purchasing negotiation.” Discuss and describe.