Purchasing & Materials Management

Purchasing & Materials Management Q1. An efficient vendor rating system obtains the best vendor for the organization, which saves both time and money, as well as the best value for the money spent on purchases. Explain. Q2.The buyer faces the maximum difficulties in the purchase of spare parts as managing spare parts presents its own peculiarities. Explain the problems associated with spares inventory. Q3.Discuss the essential features of all the purchase decision making problems.

Q4.Explain the role of DGS&D and government purchase, its concepts such as public accountability, organization of DGS&D, objectives of DGS&D, role of supply wing, procedures, delegation of powers and advantages in the context of public buying. Q5.Describe the the concept of canalization of the import/export trade. Q6.Any business· involves risk and so does buying. The need for insurance, marine insurance, inland/transit insurance, contractors all risk insurance, value of insurance, claims procedure loss minimization, evaluation of risks, etc. Explain.