Purchasing covers a broader scope than procurement and covers both acquisitions from third parties and from in-house providers. Select one: a. False b. True
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- 26. What best describes the pre-contractual activities in procurement administration? a. All activities undertaken before the issuing of the purchase order O b. All activities undertaken before the delivery is made c. All activities undertaken before the award signing of a contract d. All activities undertaken before supplier selection2. Discuss three (3) areas of importance in the procurement process.Corporations and public bodies often define procurement processes intended to promote fair and open competition for their business while minimizing risk, such as exposure to fraud and collusion. Select one: O 1. True O 2. False O 3. Both A and B O 4. All of the above
- Kindly Highlight the following Details: 1. Describe the steps of the procurement process flow of any manufacturing or Retail company. 2. Identify the problems which they are currently facing in the procurement process 3. Prepare a Quotation list for the procurement items. 4. Provide a brief Recommendation and Conclusion of the reportplease help me with this question a. In a report you are required elaborate on the critique of strategic importance of procurement and Discuss the roles of inventory in the supply chain (balancing supply and demand and Buffering against uncertainties) in relation to Apple Inc. And please provide references1A-Distinguish/analysize/identify among cycle, safety, pipeline and speculative stock B-In what ways can inventory turnover provide important insights about an organisations competitiveness and efficiency 2 explain when might a multiclient warehousing management; A-Be appropriate for a company B-Using examples when necessary, discuss the design elements to be considered when using storing hazardous materials
- Maintaining and developing contacts with new suppliers is known as ___________: Select one: a. Procurement b. Purchase c. Contracts d. Supply base managementImagine that you are a manager in a commercial printing company, and you have founda good deal on the ink that your company uses most frequently from a supplier inJapan.• Using the materials from this week’s reading as well as the supplementalresources, consider what shipping terms you should insist be in the contract inorder to limit the risk of loss for your company.• Using the attached Memo template, draft an interoffice memo to the owner of thecompany describing at least three shipping terms you would want to be includedin the contract.Unreliability of vendors leads toa. Production uncertainty.b. Process uncertainty.c. Demand uncertainty.d. Supply uncertainty.
- For the Stock Management process, describe the IT software that might be used by the Procurement Department (Purchasing) in order to determine which goods and what quantity of them are required by the shop. Explain the Business process and how the selected software can support it. What would be the advantages/disadvantages?a) Using relevant illustrations,distinguish between a supply schedule and suppl curves b) How relevant is the theory of supply to business firms todayWhich would not be a procurement fraud scheme? a. Bid rigging b. Phantom vendors c. Cost mischarging d. Bill-and-hold e. Split purchases