Exam (elaborations)
Modern Perspectives of Purchasing MGT (MANCOSA)
- Course
- Institution
Modern Perspectives of Purchasing MGT (MANCOSA)
[Show more]
Seller
Follow
tatendamuzavazi
Reviews received
Content preview
DISCLAIMERThe SCM JUNE EXAM 2023 is a generic document that helps students to compile their
own exam. Therefore, students can buy and submit since after one sell the document
shall be pulled down. Those who need further assistance must contact the given
details:
CONTACT NUMBER:
071 751 3144
muzavazi47@gmail.com
,Table of Contents
QUESTION 1 ............................................................................................................................................ 3
Supply chain disruptions: .................................................................................................................... 3
Quality control and compliance: ......................................................................................................... 3
Price volatility:..................................................................................................................................... 4
Supplier relationship management:.................................................................................................... 4
Sustainability and ethical sourcing:..................................................................................................... 4
QUESTION 2 (20 MARKS) ........................................................................................................................ 6
QUESTION 3 (20 MARKS) ...................................................................................................................... 10
Preventive costs ................................................................................................................................ 10
Appraisal fees .................................................................................................................................... 10
Cost of internal failure ...................................................................................................................... 11
External failure costs ......................................................................................................................... 11
Lost opportunity cost ........................................................................................................................ 11
QUESTION 4 (20 MARKS) ...................................................................................................................... 13
Temperature Control ......................................................................................................................... 13
Speed and Efficiency ......................................................................................................................... 13
Safety and Hygiene............................................................................................................................ 14
Cost-effectiveness ............................................................................................................................. 14
Environmental Impact ....................................................................................................................... 14
QUESTION 5 (20 MARKS) ...................................................................................................................... 16
Quality and Consistency .................................................................................................................... 16
Reliability and Timeliness .................................................................................................................. 16
Financial Stability .............................................................................................................................. 16
Scalability and Capacity..................................................................................................................... 17
Ethical and Sustainable Practices ...................................................................................................... 17
Innovation and Collaboration ........................................................................................................... 17
Long-Term Relationship Building ...................................................................................................... 17
, QUESTION 1
Analyse any FIVE (5) challenges facing purchasing and supply management
making reference to Food Lovers in Durban, South Africa. Use practical
examples to support your answer.
Challenges facing purchasing and supply management in the context of Food Lovers
in Durban, South Africa can be diverse and multifaceted. In this analysis, I will address
five key challenges and provide practical examples to support each point.
Supply chain disruptions:
One of the significant challenges in purchasing and supply management is managing
supply chain disruptions. This issue can arise due to various factors such as natural
disasters, transportation disruptions, labour strikes, or political instability. These
disruptions can have a severe impact on the availability of products and the overall
operations of Food Lovers.
For instance, imagine a scenario where a major storm hits Durban and causes
widespread damage to infrastructure, including roads and ports. This situation can
disrupt the transportation of goods to Food Lovers' distribution centers, leading to
delays in the replenishment of stock and potential shortages of essential items. To
overcome this challenge, Food Lovers would need to have contingency plans in place,
such as alternative sourcing options or diversifying their supplier base, to mitigate the
impact of such disruptions.
Quality control and compliance:
Ensuring consistent quality control and compliance with regulatory standards is
another significant challenge in the purchasing and supply management of Food
Lovers. This challenge becomes more critical in the food industry, where the health
and safety of consumers are at stake. Food Lovers must carefully monitor and
evaluate the quality and safety of the products they source from suppliers.
For example, if a supplier fails to meet the required hygiene standards and delivers
contaminated or expired products, it can lead to customer complaints, legal issues,
and damage to the brand reputation of Food Lovers. To address this challenge, Food
Lovers should implement rigorous quality control processes, conduct regular audits of
their suppliers, and enforce strict compliance with food safety regulations.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller tatendamuzavazi. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.84. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75057 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now