Question 1 What do you mean by ‘Purchasing cycle'? Explain the steps in purchasing cycle
Question 2 What is vendor registration? Explain the vendor status and the process if screening vendor
Question 3 Explain Information Technology applications in purchase management
Question 4 What are the guiding factors to choose a bidding or negotiation approach? Explain the stages of the bidding process
Question 5 Explain the term Service level agreement. Explain the types, benefits and key performance indicators of an SLA
Question 6 What is a Letter of Credit? State the main parties involved in the transaction of Letter of Credit.Explain different types of it