Month: June 2022

TOPIC 8 PHYSICAL DISTRIBUTION Definition Physical distribution is the group of activities associated with the supply of finished product from the production line to the consumers. The physical distribution considers many sales distribution channels, such as wholesale and retail, and Read More …

TOPIC 6 RECEIVING AND INSPECTION OF GOODS Receiving of incoming goods Introduction: Receipt of goods in a working environment is a very important exercise since it accounts to verification of consignment from various quarters.  It calls for authorized personnel from Read More …

TOPIC 5 ORDERING PROCEDURE This is a set by step process of acquisition of goods , services and works as recommended by PPDA (2005) A: IMPORTANCE OF FOLLOWING PURCHASE PROCEDURES Ensure public organisations get value for money Enhance transparency and Read More …

TOPIC 4 SOURCING Topic 1 : Introduction to sourcing Definition of sourcing Sourcing is the process of identifying, selecting and developing suppliers. The definition of sourcing can be simple or much more complex, the simple definition is “the process involved Read More …

TOPIC 3 DETERMINATION OF PRICE AND RIGHT TIME TO BUY: PRICE Defin 1: A value that will purchase a finite quantity, weight, or other measure of a good or service. Defin 2 the sum or amount of money or its Read More …

TOPIC 2 QUALITY AND QUANTITY DETERMINATION Introduction to concepts in quality management: Defin 1 : Quality: ISO 8402 defines quality as the totality of features and characteristics of a product that bears on the ability to satisfy stated or implied Read More …

TOPIC 1 SCM AND PURCHASING FUNCTION Introduction: Definitions: Procurement: The term procurement is defined as the acquisition of merchandise or services at the optimum possible total cost in the correct amount and quality. These goods and services are also purchased Read More …

INTRODUCTION TO COST ACCOUNTING Purpose The main object of this lesson is to introduce the learner to cost accounting; uses of cost information; cost concepts and the differences between cost accounting and financial accounting Specific Objectives By the end of Read More …

For the purpose of this chapter, PLC will be taken to mean product life cycle, and product and service will be used interchangeably. Many will be familiar with this timeless model which not only describes the stages in the sales Read More …

INTRODUCTION DEFITION Public relations (PR) is a form of communication that involve creating understanding through knowledge and effecting change in commercial ,non commercial, private and public sector Public relations (PR) refer to all forms of planned communication within and outside Read More …