1.It is recommended to do Exercise 8.12 prior to the present one. Here we look at the same population growth model N (t) = rN(t), N(0) = N0. The time….
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Describe the yardsticks that may be used in an organization to evaluate the performance of the purchasing function.
QUESTION ONE
a. Explain the functional relationships that may exist in an organization between purchasing and the user departments. (10mks)
b. Describe five activities that may take place in the post ordering phase of purchasing. (5mks)
QUESTION TWO
a. Describe the yardsticks that may be used in an organization to evaluate the performance of the purchasing function. (10mks)
b. Explain five circumstances that may make the buyer to request the supplier to issue a credit note. (5mks)
QUESTION THREE
a. Describe the contents of a purchase order. (10mks)
b. Explain five challenges that an organization may encounter in the process of purchasing goods or services. (5mks)
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