Discuss the specific objectives of purchasing and supply management. Relate these to the following:HospitalThe automobile industryPizza Shopmodule 2Why is inventory management important to the efficiency of the purchasing funtion?Module 3 DiscussionWhat are the problems associated with implementing JIT purchasing?Module 4 DiscussionWhat are the advantages of single and multiple sourcing? What is the trend?Module 5 DiscussionWhat are some of the benefits of supplier partnerships?Module 6 DiscussionWhat are the componets of pricing? What are the psychological aspects of pricing?This section lists options that can be used to view responses.Module 7 DiscussionList the alternative transportation modes. Give examples of each mode.Module 8 DiscussionDiscuss some of the complexities of global outsourcing? Give specific examples.