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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.
$7000 are invested at 5% per annum compound interest compounded yearly. What would be the amount after 20 years? Solution Here i = 0.05, P = 7000, and n = 20. Putting it i
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