1. Why does the contemporary view of procurement as a strategic activity differ from the more traditional view of purchasing?(citation Source and reference)
2. How does lowest TCO differ from lowest purchase price?(citation Source and reference)
3. Why would a company's costs of manufacturing and procurement tend to increase as the firm changes from a MTP to a MTO strategy? Why would inventory costs tend to decrease?(citation Source and reference)
4. What are the key elements of design for manufacturing and for logistics? (citation Source and reference)