This paper concentrates on the primary theme of A value analysis process requires careful planning and application if it is to be effective. Review the stages that should be followed when undertaking a value analysis process in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 40. For more details and full access to the paper, please refer to the site.
OPERATIONS
CHAIN MANAGEMENT
Instructions to candidates:
a) Time
allowed: Three hours (plus an extra ten minutes’ reading time at the start – do
not write anything during this time)
b)
Answer any FIVE questions
c) All
questions carry equal marks. Marks for each question are shown in [ ]
1. A
value analysis process requires careful planning and application if it is to be
effective. Review the stages that should be followed when undertaking a value
analysis process. [20]
2.
Leasing should be a consideration for every purchasing manager when buying
equipment. Review the advantages and disadvantages of leasing as an approach.
[20]
3. A
strategy of outsourcing activities or functions is attracting increasing interest
in many organizations. Set out the approach that you would adopt to outsource
an activity. [20]
4.
Critically evaluate the role of wholesalers in the supply chain. [20]
5.
Review the main categories of costs that an organization will incur in
obtaining and holding stock. [20]
6.
Explain the different levels of make or buy decisions that a company can
consider. [20]
7. Many
companies pursue a policy of standardization. Analyze the benefits that a
policy of standardization can bring to an organization. [20]
8. The utilization
of computers to support the purchasing function is now a common feature in
every organization. Review the benefits that computerized purchasing brings to
an organization. [20]