Elective: Purchase Management

Elective: Purchase Management (Part I ) Attend any 4 questions. Each question carries 25 marks (Each answer should be of minimum 2 pages / of 300 words) Q1.Discuss the relevance of the right source and its identification in the field of materials management. Q2.The success of a purchase executive depends a great deal on how well he has chosen his suppliers. Explain. Q3.Explain an efficient logistics system.

Q4.Explain the effectiveness of material handling systems can be measured in the ratio of time spent in handling to the total time spent in production. Q5.The basic elements of purchasing activity involving time elements from the need identified to the need satisfied in many organizations Enumerate the aspects. Q6.How to determine the right price of the material. Explain.25 x 4=100 marks