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

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

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]


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