Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
What are the factors to consider when selecting a quarrying site
When selecting a quarrying site, several factors should be considered, including: Accessibility: The site should be easily accessible by road or rail for the transportation of raw materials and finished products. Quality and quantity of the resource: The site should have a sufficient amount of high-Read more
When selecting a quarrying site, several factors should be considered, including:
Outline five aspects of a firmβs experience that may be incorporated in the tender document to be used as an evaluation criteria. (10 marks)July 2020
Relevant industry experience: The firm's experience in the relevant industry or sector can be an important factor in evaluating its capabilities. This may include experience working with similar products or services, or in similar market conditions. Technical expertise: The firm's technical expertisRead more
Explain five ways in which a purchasing officer may minimize price variation in purchasing contracts.Β (10 marks)July 2020
Negotiate fixed prices: By negotiating fixed prices with suppliers, the purchasing officer can eliminate price fluctuations that may occur due to market conditions or other factors. Use price indices: By referencing price indices or other market data, the purchasing officer can ensure that prices arRead more
An organization has adopted a periodic rΓ©view βsystem asa technique of controlling the amount of stock. Outline five disadvantages of the system. (10 marks)July 2020
Out-of-stock situations: Because the review is only conducted on a periodic basis, there may be times when the organization runs out of stock for certain items. This can lead to lost sales and customer dissatisfaction. Overstocking: The periodic review system may not accurately reflect changes in deRead more
Explain five circumstances under which progress ier method may be appropriate for use in purchasing operations. (10 marks)July 2020
Long-term contracts: The progress payment method is often used for long-term contracts that involve the delivery of goods or services over an extended period of time. This allows the organization to make payments as the work progresses, rather than paying for the entire contract upfront. Large or coRead more
An organization has decided to use the standard gauge railway to transport its consignment from the port of Mombasa. Explain five factors that may have influenced this decision.(10 marks)July 202
Cost: The standard gauge railway may offer competitive pricing compared to other modes of transportation, such as trucking or air cargo. This can be particularly important for organizations that need to transport large volumes of goods over long distances. Capacity: The standard gauge railway may haRead more
Outline five challenges that an organization may face when adopting electronic funds transfer as a payment method. (10 marks)July 2020
Technical issues: EFT relies on technology to facilitate the transfer of funds between accounts, which means that it can be vulnerable to technical issues such as system downtime or data breaches. These types of issues can disrupt the payment process and cause delays or errors. Fraud: EFT is vulneraRead more
Explain five reasons that may make an organization to undertake pre-shipment inspection for its materials requirement. (10 marks)July 2020
Quality control: Pre-shipment inspection allows the organization to ensure that the materials it is purchasing meet the required quality standards. This can help to prevent costly problems such as defective or non-conforming materials, which can disrupt the production process and result in lost saleRead more
ABC Limited has adopted standing orders as a technique of managing its materials requirement. Explain five benefits that the company may derive from such a technique.(10 marks)July 2020
Reduced lead times: Standing orders allow the company to place repeat orders for materials on a regular basis, which can help to reduce the lead time for acquiring these materials. This can help to ensure that the company has a consistent and reliable supply of materials, which can be critical for tRead more
Explain five circumstances under which an organization may adopt counter-trade as a sourcing method for its materials requirement. (10 marks)July 2020
Counter-trade refers to a type of trade in which goods or services are exchanged directly, rather than using traditional currency. There are several circumstances under which an organization may adopt counter-trade as a sourcing method for its material requirements: Limited access to foreign currencRead more
Counter-trade refers to a type of trade in which goods or services are exchanged directly, rather than using traditional currency. There are several circumstances under which an organization may adopt counter-trade as a sourcing method for its material requirements: