ENT324 October/November 2014 Examination

                                                                   

                                                             National Open University of Nigeria

                                                            14-16 Ahmadu Bello Way, Victoria Island Lagos 

                                                                      School of Management Science

                                                                      October/November 2014 Examination 

                  COURSE CODE: ENT324

                  COURSE TITTLE: PRINCIPLE OF PURCHASING AND SUPPLY 

                  TIME ALLOWED: 2hrs

                   Instructions: ANSWER QUESTION 1 AND ANY OTHER 2 QUESTIONS

                                               Q1 ISCOMPULSORY AND CARRIES 30MARKS WHILE OTHER 2 CARIIES 20MARKS EACH

                                               PRESENT ALL YOUR POINTS IN COHERENT AND ORDERLY MANNER 

1a. what is the meaning of purchasing 

b. give four reasons for purchasing used equipment 

c. highlight 7 procedural guide that the buyer of used equipment should be able to ask

d.name 4 items contain in more formal written lease 

2a.what is contract? Explain contract effective date 

b. give 5 advantages of effective purchasing 

3a.mention 5 important supplier-oriented actions buyers must take in order to satisfy the performance of sourcing function in purchasing 

b. itemize a least 5 attributes of a good supplier 

4. Highlight 7 sources of supplier information in purchasing function explain any 3 of them 

5. Write briefly on question B and any two among of these

a. force majeure 

b. norms of ethical behavior in procurement 

c. prescriptive guidelines for  the post-negotiation phase in negotiation process 

d. factor to consider in buying capital equipment

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