Punjab Technical University 2005 M.B.A Business Administration PURCHASING MANAGEMENT (N2) MB 524 - Question Paper

PURCHASING MANAGEMENT (N2) MB 524 3rd/4th Sem May 2k5

Max marks 60

Note: part A is compulsory. Attempt any 4 ques. from part B.

Section A Marks two every
1.
(a) What is value analysis?
(b) Give 4 objectives of purchasing.
(c) What are the objectives of traffic management?
(d) Define competitive bidding.
(e) What do you mean by import substitution?
(f) What is the function of purchasing department?
(g) Explain briefly the concept of vendor development.
(h) Give importance of material planning in purchasing.
(i) What are the different factors of source selection?
(j) Give differences ranging from standardization and simplification.


part B Marks 10 every

2. Which characteristics of a supplier are most important to the buyer?

3. How is single source purchasing various from multiple source purchasing? What factors are kept in mind while doing vendor rating?

4. As a supplier, which factors would you consider about a buyer (your potential customer) to be important in setting up a long-term relationship?

5. elaborate direct and indirect costs? elaborate the factors effecting indirect costs?

6. elaborate the objectives of purchasing? How purchasing department is linked with other department especially inventory management department?

7. What is meant by outsourcing? elaborate the factors which are considered for ‘make or buy’ decisions?

Earning:   Approval pending.