MTH641 MIDTERM SOLVED PAPERS
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E-procurement systems allow businesses to concentrate large volumes of small purchases into a few suppliers using e-catalogs available to users of the organization. Reverse auctions are a specialized application of e-Procurement Systems. Pre-qualified suppliers enter Website and at a predetermined time and date, try to undercut competitors and track bid prices to the session is over.
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MTH641 MIDTERM PAST PAPERS BY MOAAZ:
ASSESSMENT AND IMPROVEMENT OF THE COMPANY’S PURCHASING FUNCTION .The purchasing function is one of the most value-adding functions in any organization. If continuous online or e-audit is not possible, then it is better than regular . Monitor purchasing function performance against established standards, goals and/or industry benchmarks.
MTH641 MIDTERM SOLVED PAPERS:
Surveys or audits may be conducted as part of self-evaluation among purchasing personnel annual evaluation process. The skill requirements of buying professionals are changing. Purchasing staff must today exhibit world-class skills such as interpersonal communication, decision-making ability, ability to work teams, analytical skills, negotiation skills, customer focus, ability to manage change, influence and persuasion skills, strategic skills and understanding of business conditions .The evaluation criteria include a number of important facts, some of the more critical aspects
MTH641 MIDTERM SOLVED PAPERS BY MOAAZ:
The occurrence of tax assessment connects with the amount of the taxation rate being borne by purchasers and makers. The more inelastic the interest, the greater amount the taxation rate will fall on buyers.