- All Exams Instant Download
Which of the following might be the consequences of under-specification? Select TWO that apply:
Which of the following might be the consequences of under-specification? Select TWO that apply:A . Few suppliers can supply the full range of featuresB . Additional cost to reworkC . Unfit products or servicesD . Poor competition between suppliersE . Higher cost due to inessential featuresView AnswerAnswer: B, C Explanation:...
Which of the following are sources of information that can be used to create the specification?
A buying organisation may not have technical capability to produce a highly complex specification. Which of the following are sources of information that can be used to create the specification? Select TWO that applyA . Standard terms and conditionsB . Name cardsC . Industry standardsD . Suppliers' know-howE . ConstitutionView...
Is this a correct approach?
Sealines Inc is developing its fleet of cargo ships. The company is planning to build a new ship powered by natural gas. Brian, the procurement manager at Sealines, suggests the project team to develop a through-life specification before engaging with the supplier. Is this a correct approach?A . Yes, decommissioning...
Which whole-life costing model should the CPO use to get the most accurate total cost of ownership?
A CPO is analyzing whole life cycle costing of a machinery. He realises that cost elements are not specific but come from a range of values. Which whole-life costing model should the CPO use to get the most accurate total cost of ownership?A . Simulation modelsB . Optimisation modelsC ....
Which of the following is the core of value analysis process?
Which of the following is the core of value analysis process?A . Be creativeB . DevelopC . EvaluateD . Gather informationE . Carry out functional analysisView AnswerAnswer: E Explanation: Value Analysis (VA) is concerned with existing products. It involves a current product being ana-lysed and evaluated by a team, to...
Is Robert's action reasonable?
Robert is a senior buyer at MMC Construction Ltd. His company is doing multiple development projects in the country, which increases procurement workload significantly. Meanwhile, most of the tasks are handled manually, which causes bottlenecks in the workflows. The procurement team is overwhelmed by the workload and complains from other...
Which of the following is the technology that disrupts traditional retail?
Which of the following is the technology that disrupts traditional retail?A . Self-Driving CarsB . BlockchainC . E-commerceD . RoboticsView AnswerAnswer: C Explanation: One of the biggest disruptors in retail has been e-commerce. According to a report by IDC, in the month of December 2018, which is also the holiday...
Which of the following is the core of value analysis process?
Which of the following is the core of value analysis process?A . Be creativeB . DevelopC . EvaluateD . Gather informationE . Carry out functional analysisView AnswerAnswer: E Explanation: Value Analysis (VA) is concerned with existing products. It involves a current product being ana-lysed and evaluated by a team, to...
Which type of specification is less time-consuming to develop?
Which type of specification is less time-consuming to develop?A . Outcome-based specificationB . Design specificationC . Conformance specificationD . Technical drawingsView AnswerAnswer: A Explanation: There are two major types of specification: conformance and performance specifications. They have the following characteristics: Since performance specification is often a list of outputs or...
Which of the following is a risk to buying organization when using conformance specification?
Which of the following is a risk to buying organization when using conformance specification?A . Buyer is responsible for product failureB . Buyer may face liquidity risksC . Buyer cannot control the inputsD . Time to produce specification is shortenedView AnswerAnswer: A Explanation: When using conformance specification, the buying organisation...
