Question 1:
(a) Illustrate out the objectives and goals of Procurement Development Model.
(b) Illustrate out one Procurement Development Model you are familiar with.
(c) “In certain organisations procurement has become a strategic proactive procedure which contributes as much as-or more than other business functions to profitability, corporate growth and competitive advantage.” List all the characteristics of procurement function in these organisations.
Question 2:
(a) What do you understand by the term Life Cycle Costing?
(b) Illustrate out briefly the methodology for Life Cycle Costing.
(c) Why might a procurement officer consider procuring employed equipment instead of a new one?
Question 3:
(a) Illustrate out the elements of Service Level Agreement.
(b) Illustrate out the processes which is involved in establishing a Service Level Agreement.
Question 4:
“Focusing on interests rather than positions is key to conflict resolution in purchasing negotiation.” Discuss in relation to principled negotiation positional and strategy bargaining?