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Question :
(a) List four solicitation methods.
(b) Explain the reasons for requesting bid security and performance security from a potential supplier.
(c) Compare and contrast the two major types of specifications generally used for procurement of goods and services.
(d) Distinguish between supplier appraisal and vendor rating.
(e) Explain briefly the five elements of the ‘Purchasing Mix'.
(f) Explain the following terms and their relevance to purchasing:
(i) Economic Order Quantity (EOQ)
(ii) Purchasing Card
(iii) Supply Chain Management (SCM)
(iv) Electronic Data Exchange (EDI).
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elements of supply chain management
Meaning and advantage
The 3C model by Kenichi Ohmae The 3C model has been given by well known business strategist of Japanese origin, Kenichi Ohmae. The 3 C's of the model stands for: The
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#question Tom Rich and Joe Miser have an e-checking/savings account at the eKU bank. Both Tom and Joe had $5000 in their account at the start of the calendar year 2013. Both have
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