Hi All,

Question 3

"The cost-down programmes that have been set up over the past few years by many large companies have resulted almost without exception, in large purchasing cost savings. Impressive savings have not only been reported in the area of production-related buying but most certainly also in the area of non-production-related buying". In light of the statement provided, reflect and discuss how the procurement function can generate cost savings for an organisation.

Question 4

Before any organisation decides to outsource as a strategy it is essential that it conducts adequate research. Provide advice to a procurement manager on why this should be the case and highlight the variables that need to be researched ahead of choosing an outsourcing partner.

Question 5

Most retailers are currently focusing on expanding their customer base through the development of new products and entering new markets. Analyse the role of procurement and suppliers in new product development.