INTRODUCTION TO PURCHASING MANAGEMENT: (60 Marks) Read the abstract below and answer the questions that follow. In many companies, purchasing, perhaps more than any other business function, is wedded to routine. Ignoring or accepting countless economic and political disruptions to their supply of materials, companies continue to negotiate annually with their established networks of suppliers or sources. But many purchasing managers skills and outlooks were formed 20 years ago in an era of relative stability, and they havent changed. Now, however, no company can allow purchasing to lag behind other departments in acknowledging and adjusting to worldwide environmental and economic changes. Such an attitude is not only obsolete but also costly. Source: https://hbr.org/1983/09/purchasing-must-become-supply-management Bearing this in mind, answer the following questions: 1. Provide a discussion on the integrated relationship purchasing management has with the other management functions. (10 Marks) 2. Describe the set of criteria that may be included for supplier evaluation as prescribed by Badenhorst- Weiss, et al. (24 Marks) 3. Evaluate the differences between constructive and competitive negotiations. Use practical examples to substantiate your answer. (16 Marks) 4. Discuss some of the reasons for concern regarding ethical conduct in purchasing in the current economic and political landscape. (10 Marks)

INTRODUCTION TO PURCHASING MANAGEMENT: Read the abstract below and answer the questions that follow. (60 Marks) In many companies, purchasing, perhaps more than any other business function, is wedded to routine. Ignoring or accepting countless economic and political disruptions to their supply of materials, companies continue to negotiate annually with their established networks of suppliers or sources. But many purchasing managers' skills and outlooks were formed 20 years ago in an era of relative stability, and they haven't changed. Now, however, no company can allow purchasing to lag behind other departments in acknowledging and adjusting to worldwide environmental and economic changes. Such an attitude is not only obsolete but also costly. https://hbr.org/1983/09/purchasing-must-become-supply-management Source: Bearing this in mind, answer the following questions: 1. Provide a discussion on the integrated relationship purchasing management has with the other management functions. (10 Marks) 2. Describe the set of criteria that may be included for supplier evaluation as prescribed by Badenhorst-Weiss, et al. (24 Marks) 3. Evaluate the differences between constructive and competitive negotiations. Use practical examples to substantiate your answer. (16 Marks) 4. Discuss some of the reasons for concern regarding ethical conduct in purchasing in the current economic and political landscape. (10 Marks)