(a) Make a distinction between Reactive and Proactive purchasing.
(b) Procurement should be considered as a cyclical process guided by certain principles. Determine the procurement cycle.
Good procurement systems can definitely save companies money, as well as provide a number of other benefits. Discuss and illustrate out the significance of an effective procurement system.
Analyze the growth in the strategic role of purchasing and supply.
What is just-in-time (JIT) purchasing? Illustrate out some potential benefits and possible disadvantages of JIT.
Conceptualise effective Negotiation. Make a distinction between adversarial and partnership negotiation.