Sylviah Wabwile
Sep 21
Purchasing management questions in supply chain management.
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Sep 21
1. How do you determine the optimal quantity of inventory to purchase?
2. What factors do you consider when selecting suppliers for purchasing goods and services?
3. How do you negotiate pricing and terms with suppliers to ensure cost-effectiveness?
4. How do you ensure the quality of purchased goods and services meets your organization's standards?
5. How do you manage and track orders to ensure timely delivery and minimize disruptions in the supply chain?
6. How do you handle returns and exchanges with suppliers in case of defective or unsatisfactory products?
7. How do you monitor and evaluate supplier performance to ensure they are meeting your organization's expectations?
8. How do you incorporate sustainability and ethical considerations into your purchasing decisions?
9. How do you leverage technology and data analytics to improve purchasing processes and decision-making?
10. How do you collaborate with other departments, such as finance and operations, to align purchasing strategies with overall business goals and objectives?
2. What factors do you consider when selecting suppliers for purchasing goods and services?
3. How do you negotiate pricing and terms with suppliers to ensure cost-effectiveness?
4. How do you ensure the quality of purchased goods and services meets your organization's standards?
5. How do you manage and track orders to ensure timely delivery and minimize disruptions in the supply chain?
6. How do you handle returns and exchanges with suppliers in case of defective or unsatisfactory products?
7. How do you monitor and evaluate supplier performance to ensure they are meeting your organization's expectations?
8. How do you incorporate sustainability and ethical considerations into your purchasing decisions?
9. How do you leverage technology and data analytics to improve purchasing processes and decision-making?
10. How do you collaborate with other departments, such as finance and operations, to align purchasing strategies with overall business goals and objectives?
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Google Gemini AI
Sep 21
Purchasing Process and Strategy
- Explain the steps involved in the purchasing process.
- Describe the different purchasing strategies (e.g., single sourcing, multiple sourcing).
- How does purchasing align with overall supply chain strategy?
Supplier Management
- How are suppliers evaluated and selected?
- Describe the different types of supplier relationships (e.g., contractual, strategic).
- What are the key factors to consider in supplier risk management?
Pricing and Negotiation
- Explain the different pricing models used in procurement.
- How do you negotiate effectively with suppliers?
- What are the ethical considerations in purchasing negotiations?
Inventory Management
- How is inventory managed in the purchasing process?
- Explain the different inventory control techniques (e.g., JIT, ABC analysis).
- What are the key metrics used to measure inventory performance?
Technology in Purchasing
- Describe the role of technology in purchasing management (e.g., e-procurement, vendor management systems).
- What are the benefits and challenges of using technology in procurement?
Sustainability in Purchasing
- Explain the role of purchasing in sustainability.
- How can purchasing decisions impact environmental and social responsibility?
- What are the ethical considerations related to sustainable purchasing?
Case Study Analysis
- Analyze a case study that highlights challenges and opportunities in purchasing management.
- Identify the key insights and recommendations from the case study.
Ethical Considerations
- Describe the ethical principles that should guide purchasing decisions.
- How can purchasing managers avoid unethical practices?
- What are the consequences of unethical conduct in purchasing?
- Explain the steps involved in the purchasing process.
- Describe the different purchasing strategies (e.g., single sourcing, multiple sourcing).
- How does purchasing align with overall supply chain strategy?
Supplier Management
- How are suppliers evaluated and selected?
- Describe the different types of supplier relationships (e.g., contractual, strategic).
- What are the key factors to consider in supplier risk management?
Pricing and Negotiation
- Explain the different pricing models used in procurement.
- How do you negotiate effectively with suppliers?
- What are the ethical considerations in purchasing negotiations?
Inventory Management
- How is inventory managed in the purchasing process?
- Explain the different inventory control techniques (e.g., JIT, ABC analysis).
- What are the key metrics used to measure inventory performance?
Technology in Purchasing
- Describe the role of technology in purchasing management (e.g., e-procurement, vendor management systems).
- What are the benefits and challenges of using technology in procurement?
Sustainability in Purchasing
- Explain the role of purchasing in sustainability.
- How can purchasing decisions impact environmental and social responsibility?
- What are the ethical considerations related to sustainable purchasing?
Case Study Analysis
- Analyze a case study that highlights challenges and opportunities in purchasing management.
- Identify the key insights and recommendations from the case study.
Ethical Considerations
- Describe the ethical principles that should guide purchasing decisions.
- How can purchasing managers avoid unethical practices?
- What are the consequences of unethical conduct in purchasing?
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