QUESTION TWO

$[30]$

$2\mathrm{.}1$ Purchasing provides a major opportunity to reduce costs and increase profit margins. The objective of purchasing activity is: to help identify the products and services that can be obtained externally. This entails choosing between producing a component or service and purchasing it from an outside source. Describe seven considerations each for the make or buy decision

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

$2\mathrm{.}3$ 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