QUESTION TWO

$2\mathrm{.}1$ Purchasing provides a major opportunity to reduce costs and increase profit The objective of purchasing activity is: to heduce costs and increase profit margins. can be obtained extivity is: to help identify the products and services that service and purally. This entails choosing between producing a component or for the make or burchasing it from

$2\mathrm{.}2$ Describe the four inventory systems that improve the flow of materials through the logistical system

$(8)$

$2\mathrm{.}3$ A process strategy is an organization's approach to transform resources into goods and services. Describe the four process strategies that an organization can use $(8)$