Question 1

Discuss the difference between the following terms

1. Procurement and purchasing
2. Supply chain and value chain
3. Sourcing and buying
4. Ordering and ordering function

Question 2

Would you consider the procurement function to be part of supply chain management? Or would you favour the reverse?

Question 3

What is the major difference between activities of the procurement function and activities conducted by the procurement department? Is it important to differentiate these two concepts?

Question 4

Total quality is considered to be one of the new developments in procurement; describe the consequences of total quality control on the procurement function in general and on the relationships with suppliers in particular.

Question 5

Discuss how a purchasing professional can contribute to corporate performance by negotiating long payment terms.