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QUESTION 1
Discuss the role and contribution of the procurement function in an organisation.
QUESTION 2
Discuss the main objectives of purchasing negotiations. Compare and contrast the adversarial and collaborative approaches to purchasing negotiations.
QUESTION 3
Discuss the merits and limitations of implementing a computerized materials management system in an organization.
QUESTION 4
Discuss briefly the key stages of a typical procurement cycle.
Why do we focus on cash flows in place of profits when evaluating proposed capital budgeting projects? We focus on cash flows in place of profits while evaluating proposed capita
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a) Gross profit = $500,000 and Expenses = $100,000 for Year 2. b) Year 2 GPM = $500k / $1,000k = 50.0% Year 1 GPM = $400k / $850k = 47.05% Year 2 NPM = $400k / $1,000k =
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