problem1. Describe the term ‘Total Cost of Ownership’.
problem2. Discuss in brief the significance of including a liquidated damages clause in purchasing contract.
problem3. Enumerate 4 techniques of dealing with low value purchases.
problem4. describe in brief the four essential elements of valid contract.
problem5. Describe ‘Right Quality’ from a buyer’s perspective. What are the costs of poor quality?
problem6. List the other 4 Rights of purchasing mix.
problem7. One of the procurement techniques is Direct Procurement. List all four other techniques.
problem8. Enumerate four circumstances when direct procurement techniques might be used.