MNP2601 Purchasing Management

Chapter 1 – The purchasing function in perspective DEFINE THE CONCEPT LOGISTICS (MAIN ELEMENTS) The part of SCM that plans, implements and controls the efficient, effective forward and reverse flow in storage of goods services and related information between the point of origin and point of consumption in order to meet customers’ requirements. Important activities included in logistics management are:  Traffic and transportation  Inventory management  Packaging and handling ...

MNP2601 Assignment 2 Semester 1 & 2 PREVIEW OF QUESTION 1 1. 1 Option 1 (Chapter 6 of the prescribed book) Operational risk is the exposure of an organisation to losses resulting from internal failures or shortcomings of people, processes and systems. Purchasing

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 ...

LATEST QUESTIONS WITH ANSWERS

LATEST QUESTIONS WITH ANSWERS

LATEST QUESTIONS WITH ANSWERS

MNP2601- Summary Notes

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 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...