Question 1

(A) In performance management, each function delivers the performance requirement in order to achieve the organisational objectives. Explain five (5) activity areas in the organization where the contributions of procurement functions could be measured.

(B) The principle of continuous improvement is common to many businesses. Continuous improvement is a culture of developing and improving processes and products over time. Using practical examples, explain five (5) strategies used by the purchasing department to ensure continuous improvement in the supply chain.

(C) List and explain any five (5) basic purposes of a purchasing IS/IT system in measuring procurement performance.

b. Explain any four (4) recent IT development in Measuring Procurement Performance.

(D) Explain the following terminologies.

a) Supplier categorization

b) Supplier development

c) Vendor rating/ranking

d) Supplier selection