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

  Discuss in your own words how we know that perfect

1 explain in your own words how we know that the perfect cosmological principle doesnt apply to the universe?2 why does

  Important for teachers to create a climate that encourages

Explanation of why it is important for teachers to create a climate that encourages students to ask further questions and compare opinions, knowledge, and experiences with others.

  How methods were used in clinical research setting

How can probability vs. non-probability sampling enhance health research? Provide example of when and how these methods were used in clinical research setting.

  Why would someone stay in one of these groups

What does that group outwardly say to recruit someone into the group, gang, or cult? Discuss how the group uses social influence such as conformity, compliance, and obedience to keep members in the group, gang, or cult.

  Criminal justice research propsal on divorce-violent teens

Can you write down 3-5 page criminal justice research propsal on divorce and violent teens. Requirement is to create the proposal which seeks funding.

  Define distribution price and promotion considerations

The Ringly company is now asking you to give some thought to a digital marketing (e-marketing) strategy. Give your thoughts on whether Ringly should do digital.

  Problem regarding the shell suspends arctic drilling

In February 2013, Royal Dutch Shell announced that it was suspending its offshore drilling programme in the Arctic for the rest of the year due to safety reasons.

  Discuss the first stage of conflict is the latent conflict

The first stage of conflict is the latent conflict. In this stage, conflict is being anticipated

  Explain how florence reflects the ideals of the dominant

discussion 1 florence the dominant city-stateexplain how florence reflects the ideals of the dominant city-state and

  You are invited to give the informative speech to members

you are invited to provide an informative speech to members of congress as they consider policy changes for the

  Describe how you might overcome the challenges

Post an explanation of at least two opportunities that exist for RNs and APRNs to actively participate in policy-making. Explain some of the challenges that.

  Should morley be forced into treatment against his will

Morley is a 33-year-old man with multi-drug resistant tuberculosis. He is homeless, and has a pattern of missing many of his scheduled clinic visits. Should Morley be forced into treatment against his will

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