Illustrate out FIVE (5) contributions of a Public Body in performance management in procurement and supply.
(a) A public organisation utilizes 2500 reams of photocopy paper yearly. The paper costs Rs 96 per ream. Ordering costs per order is estimated at Rs 300 and storage costs rate at 30%. Compute the Economic Ordering Quantity.
(b) In brief prepare on THREE (3) limitations of Economic Ordering Quantity.
Describe five (5) measures which might be applied to the performance of a purchasing department.
(a) Illustrate out why it is significant to measure the costs of holding stock.
(b) Identify and illustrate out three (3) measures of the costs of holding stock.
Illustrate out five (5) ways in which an individual buyer can contribute to accomplish an organisation’s objectives.