QUESTION $225$ MARKS

$2\mathrm{.}1$ Discuss the any five $(5)$ advantages of procurement manuals in managing

procurement activities within an organization.

$(5)$

$2\mathrm{.}2$ Compare and contrast 'telephonic orders' and 'self$-$billing' as methods of

dealing with low$-$value purchases. Highlight their respective processes and

benefits.

$(5)$

$2\mathrm{.}3$ Explain the concept of 'stockless buying' and how it benefits both the

supplier and the purchasing organization.

$(5)$

$2\mathrm{.}4$ What are the key contents of a procurement manual and why are they

important for effective procurement management?

$(5)$

$2\mathrm{.}5$ Describe the differences between private exchanges and public exchanges

in the context of e$-$business procurement. Provide examples of when each

might be used.