Question 2 (20%} a) What is the most important element in Purchasing Management? (5%) b) Within such element. what is the most important factor to contribute to its success and why? {5%) c) What are the three main objectives of purchase management in a company? (6%) Among the three objectives. which one do you think is the most important. and why? (4%) Question 3 (25%) Oriental Bank. a US based commercial bank. is looking for a printer vendor to help her print the cheques for customers. Within one month after the announcement. Oriental receives 11 offers from different printing companies. As the Purchasing Manager who is responsible for this project, a] What will be your selection criteria? {15%) b) What kinds ot evaluation methods will you use? [10%) Question 4 (25%} Great American Inc. (GA), a California based construction company. has been buying wooden floor plate from Davidson Supply (D5) for the last 3 years. Mr. Gordon Shuttle, the GA Purchasing Director, so far, is satisfied with DS services, including product quality and on-time delivery services. Due to the keen competition in the industry in recent year. GA management decided to review DS's overall supply performance. a) What kinds of challenges that GA should consider? (10%) b) If GA decides not to use DS's supply in future. what will be GA's other options? (5%) c) What kinds of risks GA may face if taking such options? (10%)