1. A manufacturing company has a strategic raw material supplied from only one source of the world. That source is located in a country that is subjected to harshest environments for four months of each year. This is ice and snow that makes internal transport impossible during that time. How would you identify the risks created by the phenomena and what other related risks arises? 

2. when procurement  is involved in buying new capital equipment what specific commercial knowledge and skills can they apply to ensure the best value for money is being obtained and give examples?  

3. Explain the role of procurement in managing inventory in a business? Having explained the role differentiate between this role in ;

i. A fashion retailer 

ii. Engineering inventory in an international airline 

iii. The stock of stationary in a government department

Answer rating: 100% (QA)

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