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Jean Inman Domain 4- Procurement, Purchasing, Distribution & Service - Questions with Explanations £7.16   Add to cart
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Jean Inman Domain 4- Procurement, Purchasing, Distribution & Service - Questions with Explanations
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Jean Inman Domain 4- Procurement, Purchasing, Distribution & Service - Questions with Explanations

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  • June 16, 2024
  • 11
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • jean inman domain 4 procurement purchasing dist

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Jean Inman Domain 4- Procurement,
Purchasing, Distribution & Service

procurement - CORRECT ANSWER-first functional subsystem, acquiring material for
production

profit center - CORRECT ANSWER-assigned both expense and revenue
responsibilities (cafeteria)

cost center - CORRECT ANSWER-manage expenses, but do not generate revenue
(patient)

can-cutting - CORRECT ANSWER-request samples from vendors, open cans and
compare qualities (texture, aroma, taste)

open market method of buying - CORRECT ANSWER-(informal) when small amount
is needed ASAP
-contact by phone

formal, competitive bid buying - CORRECT ANSWER--submit written specifications
and quantity needs to vendors who then submit a price
-bid are opened together; place order with lowest bid

future contracts - CORRECT ANSWER-purchase goods at a specific price to be
shipped later

prime vending - CORRECT ANSWER-use single vendor for majority of purchases

centralized purchasing - CORRECT ANSWER-personal in one office does all
purchasing for all units in that organization
-cost effective and time saving

group or co-op purchasing - CORRECT ANSWER-involves union separate units
(hospitals), not related to a single management, for joint purchasing
-economic advantage of large volume purchasing

JIT purchasing - CORRECT ANSWER-Purchasing items as needed or Just In Time

what to do not do in JIT purchasing - CORRECT ANSWER-store and record it in
inventory

, purchase requisition - CORRECT ANSWER-first document used in the purchasing
process, internal form used to request items from the purchasing manager

purchase order - CORRECT ANSWER-completed by the buyer, written records of
items ordered and quantities needed

written specifications - CORRECT ANSWER-accurate word picture or definition of a
product

Technical written specifications - CORRECT ANSWER-indicate quality by
OBJECTIVE and impartial test results (graded food items)

approved brand specifications - CORRECT ANSWER-indicate quality by specifying
a brand name or label

performance specifications - CORRECT ANSWER-indicate quality by functioning
characteristics of the product (pH level of detergents)

formularies - CORRECT ANSWER-Descriptions of approved products that an
organization (or a department) would like all personnel (who need such a product) to
use.
*Volume discounts can be obtained!

vendor performance requirements - CORRECT ANSWER-(a) Consider past
experiences with them, reliability, willingness to handle emergencies, their financial
condition
(b) Compare price, quality, service
(c) Evaluate after several orders have been filled

buyer's code of ethics - CORRECT ANSWER-can serve as legal agent for the
organization

food broker - CORRECT ANSWER-does not own products, connects buyers with
sellers

EOQ (Economic Order Quantity) - CORRECT ANSWER-a quantitative approach to
ordering staple or regularly stocked items

When is EOQ obtained? - CORRECT ANSWER-when cost of placing an order aligns
with the cost of holding the items

time series - CORRECT ANSWER-short term forecasts

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