QUESTION 1

(a) Differentiate between purchasing strategy and strategic purchasing

(b) "World class purchasing is not only about placing orders". Describe the strategic role of the purchasing function in an organization

(c) Define any three of the following supply chain strategies-

I) Many Suppliers Strategy

II) Few Suppliers Strategy

III) Keiretsu Network Strategy

IV) Vertical Integration Strategy

V) Virtual Company Strategy

QUESTION 2

Annalyse the strategic resources suggested by Johnson, Scholes and Whittington(2005), that must be used as enabling tools to support strategy

QUESTION 3

Explain why organizations nowadays give so much importance to Purchasing

QUESTION 4

It is difficult to implement change in an organization. What strategies would you adopt to overcome resistance to change in your organization?

QUESTION 5

Illustrate and describe the Kraljic Portfolio Purchasing Model