Purchasing

1. Clearly explain the various goals and objectives of a purchasing manager.
2. Using an appropriate diagram, explain how a supply chain manager can add value to his activities in the organization.
3. Differentiate and explain the following terms;

1. MRP and MRP II
2. Economic order quantity and Fixed Order Quantity
3. Lean structures and Agile structures
4. JIT system and ABC classification (5marks)

4. A number of activities integrate and make purchasing critical in supply chain-management. Outline and explain the steps in purchasing.

5.As a supply chain manager, you realize that you must keep inventory to a certain degree. Explain some requirements for effective inventory management.