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QUESTION 1
(a) Explain the term e-procurement and asses the pros and cons of e-procurement.
(b) What are the challenges that may be faced in implementing e-procurement in the public sector?
(c) Describe the process of developing an e-procurement strategy.
QUESTION 2
(a) An e-auction can be considered as an electronic commerce market mechanism. Describe the four major categories of dynamic pricing that are undertaken.
(b) Enumerate the benefits that e-auctions bring to e-auctioneers.
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Buffer inventories are held to protect against the uncertainties of demand and supply. An organizationgenerally knows the average demand for various items that it needs. How
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factors affecting the calculation of MRp
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