Question 1: Describe the methods of commodity dealing, by using examples to support your answer.
Question 2: Set out the factors which will affect the decision of where to buy.
Question 3: Describe the concept of Materials Requirements Planning (MRP).
Question 4: Analyze the costs incurred in obtaining and carrying stock inventories.
Question 5: Describe the main purpose and value of specifications to both the purchaser and the supplier.
Question 6: Describe the content, format, merits and demerits of purchasing manuals.
Question 7: Describe the steps comprised in developing a supply positioning analysis.
Question 8: Describe the merits of incoming and source inspection.