MNP2601 Purchasing Management

Chapter 1 1. Discuss the objectives of purchasing management – p8 1. Too supply organizations with a flow of materials and services to meet needs. 2. To maintain and develop the quality of purchased goods. 3. Maintain an optimum balance of inventory 4. Ensure continuity maintaining effective relationships with existing sources 5. Too buy efficiently, best value for every rand spent. 2. Discuss the objectives of supply management – p8 ⦁ Contribute to the development of overall busin...

MNP2601- Summary Notes

mnp2601 latest exam pack

Unit 1 – Purchasing Function in perspective Distinguish between purchasing and supply management concepts Purchasing Management (P,N,E,F)  Process of buying, locating & selecting a supplier  Negotiating price, quality, quantity  Ensuring delivery  Functional approach Supply Management (M,S,R)  Management of resources the organisation needs to attain objectives  Strategic focus and systems approach  Regards suppliers as extensions of the firm Discuss objectives o...

Chapter 1 1. Discuss the objectives of purchasing management – p8 1. Too supply organizations with a flow of materials and services to meet needs. 2. To maintain and develop the quality of purchased goods. 3. Maintain an optimum balance of inventory 4. Ensure continuity maintaining effective relationships with existing sources 5. Too buy efficiently, best value for every rand spent. 2. Discuss the objectives of supply management – p8 ⦁ Contribute to the development of overall busin...

CHAPTER 2 Oct/Nov 2014 Question 2 2.1 In a table, shortly explain why a supply manager would consider a decentralised purchasing and supply organisational structure by referring to the following. Chapter 2 (a) Any 5 advantages of a decentralized P&S Organisational structure (5 marks) (b) Any 5 disadvantages of a decentralized P&S Organisational structure (5 marks Type of structure Advantages Disadvantages Centralised  Materials & products are standardised.  Negotiating power...

CHAPTER 1 INTRODUCTION TO PURCHASING AND SUPPLY CHAIN MANAGEMENT  Understand the differences between purchasing and supply management  Understand the differences between supply chains and value chains  Identify the activities that are part of supply chain management  Appreciate the importance of supply chain enablers  Identify the historical stages of purchasing’s evolution Re-shoring involves bringing some sourcing back to the United States, while near-shoring involves ...