The Role Of Procurement
Akopọ
A customer walks into a clothes shop wanting the jacket she saw online, in her size, in navy. The shop has it in three sizes and two colours, and neither of them is hers. She leaves. Nothing was wrong with the jacket, the price, the staff or the shop. The business lost the sale because of a decision taken weeks earlier, by somebody she will never meet, about how much of what to order.
Procurement is the unglamorous part of a business that decides whether the glamorous parts work. In this lesson you will learn how stock is managed, what just in time really costs as well as what it saves, and why holding spare stock is a genuine business decision rather than an oversight. Then you will look at how a business chooses its suppliers, weighing price against quality and reliability. This is a Business operations topic, so it appears on Paper 1 only, and it has produced a six mark question in every recent series precisely because the trade-offs in it are so easy to state and so hard to settle.
Awọn Afojusun
- Managing stock:
- Just in time (JIT).
- Factors affecting choice of suppliers.
Àwòrán ọpọlọ
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Ṣí àwòrán ọpọlọ nínú áàpù
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Ìdánwò Ẹ̀kọ́
Oriire fun ipari ẹkọ lori The Role Of Procurement. Ni bayi ti o ti ṣawari naa awọn imọran bọtini ati awọn imọran, o to akoko lati fi imọ rẹ si idanwo. Ẹka yii nfunni ni ọpọlọpọ awọn adaṣe awọn ibeere ti a ṣe lati fun oye rẹ lokun ati ṣe iranlọwọ fun ọ lati ṣe iwọn oye ohun elo naa.
Iwọ yoo pade adalu awọn iru ibeere, pẹlu awọn ibeere olumulo pupọ, awọn ibeere idahun kukuru, ati awọn ibeere iwe kikọ. Gbogbo ibeere kọọkan ni a ṣe pẹlu iṣaro lati ṣe ayẹwo awọn ẹya oriṣiriṣi ti imọ rẹ ati awọn ogbon ironu pataki.
Lo ise abala yii gege bi anfaani lati mu oye re lori koko-ọrọ naa lagbara ati lati ṣe idanimọ eyikeyi agbegbe ti o le nilo afikun ikẹkọ. Maṣe jẹ ki awọn italaya eyikeyi ti o ba pade da ọ lójú; dipo, wo wọn gẹgẹ bi awọn anfaani fun idagbasoke ati ilọsiwaju.
- Which one of the following is a benefit to a business of using just in time stock control? A. It can always meet a sudden rise in demand from stock B. It keeps the discounts available for bulk orders C. Less money is tied up in stock D. It needs fewer deliveries Answer: C
- Which one of the following is a cost of holding buffer stock? A. Money is tied up that could be used elsewhere B. Production stops when a delivery is late C. Sales are lost when an item is unavailable D. The business loses its bulk purchasing discount Answer: A
- A business holds stock worth an average of 150,000. Holding stock costs 20 per cent of its value each year. What is the annual cost of holding that stock? A. 3,000 B. 7,500 C. 30,000 D. 75,000 Answer: C
- Which three factors does the specification name as affecting the choice of supplier? A. Location, size and age B. Price, quality and reliability C. Price, advertising and packaging D. Quality, ownership and profit Answer: B
- Why is reliability of supply especially important to a business using just in time? A. Because it holds no stock to fall back on if a delivery is late B. Because it must buy in very large quantities C. Because its customers pay in advance D. Because it has no storage space to rent Answer: A
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Ṣe o fẹ ṣe adaṣe awọn ibeere idanwo adaṣe nipa The Role Of Procurement? Ṣe igbasilẹ ohun elo Green Bridge CBT lati wọle si awọn ibeere idanwo adaṣe ati awọn ayẹwo adaṣe kikun fun koko-ọrọ yii.
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