What is the purpose of a preferred supplier

Assignment Help Other Subject
Reference no: EM133048102

SITXINV003 Purchase goods - Duke College

Assessment 1: Written Test

Question 1. List the steps for the general process for determining purchasing requirements:

Question 2. List 6 types of goods you might need to purchase in your industry sector

Question 3. List 5 examples of personnel across different departments in the Tourism, Hospitality and Events industry who may need to be involved in ordering processes or when seeking approval for purchases:

Question 4. Provide 3 examples of documentation which can be used to identify purchasing requirements in a hotel:

Question 5. List 3 procedures which must be followed to identify stock on hand before ordering to avoid wastage:

Question 6. List 4 examples of forecast tools which can be used to estimate the anticipated amounts of purchases:

Question 7. Provide a description of how each of the following forecasting methods is used to estimate anticipated amounts of purchases:

• Moving Average -

• Popularity index -

• Sales Forecast

• Yield Test

Question 8. Which details must be considered for the following key factors when developing purchase lists?

• Date required -

• Quality required -

• Shelf life
• Stock levels -

• Suppliers -

Question 9. Which details need to be considered for the following factors before selecting a supplier?

• Product range -

• Availability -

• Service provision -

• Reliability -

• Price -

• Specific requirements -

Question 10. What is the purpose of a preferred supplier? How is a preferred supplier selected?

Question 11. List 4 aspects which need to be considered to ensure sufficient supply provisions and stability of prices for goods:

Question 12. How should you deal with price changes at short notice and requirements for negotiating prices?

Question 13. Provide 3 examples of procedures which could be used to check on the quality standard of goods from a potential supplier:

Question 14. List 6 details which need to be checked when purchasing goods directly from a supplier:

Reference no: EM133048102

Questions Cloud

Describe the general process of simulation : How does prescriptive analytics relate to descriptive and predictive analytics?
Identify the organisational purchasing procedures : Identify the organisational purchasing procedures which form the basis for purchasing goods and sourcing suppliers in your establishment
Business intelligence-privacy issues with data mining : Why are the original/raw data not readily usable by analytics tasks? What are the privacy issues with data mining?
What is meant by business ethics : 1. What is meant by business Ethics? Discuss the significance of exercising ethics in business.
What is the purpose of a preferred supplier : What is the purpose of a preferred supplier? How is a preferred supplier selected and How should you deal with price changes at short notice and requirements
Discuss the ramifications of the rationalization of society : Discuss the ramifications of the rationalization of society. Thinking about the model of production in traditional and non-traditional societies, consider, in p
What is the taxable income : Question - Markus Ngineus, single, is a managerial employee of Microna & Softpa Company. What is the taxable income
Discuss the reasons for this conservative allocation : The advent of the alternative property sector is considered as one of the significant developments in the institutional property investment space in recent year
Roles of change management : Describe the roles of change management, security enforcement, accountability, monitoring, and auditing for a successful security operations management

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd