(a) Illustrate out the objectives and goals of Procurement Development Model.
(b) Illustrate out one Procurement Development Model you are familiar with.
(c) “In certain organisations procurement has become a strategic proactive procedure which contributes as much as-or more than other business functions to profitability, corporate growth and competitive advantage.” List all the characteristics of procurement function in these organisations.
(a) What do you understand by the term Life Cycle Costing?
(b) Illustrate out briefly the methodology for Life Cycle Costing.
(c) Why might a procurement officer consider procuring employed equipment instead of a new one?
(a) Illustrate out the elements of Service Level Agreement.
(b) Illustrate out the processes which is involved in establishing a Service Level Agreement.
“Focusing on interests rather than positions is key to conflict resolution in purchasing negotiation.” Discuss in relation to principled negotiation positional and strategy bargaining?