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What is the primary aim of this policy?
Kyle Grant is a procurement director at ATSS Ltd and has introduced a new policy within the procurement function. The policy requires the procurement function to obtain quotations from multiple suppliers if a contract is worth over £10,000. What is the primary aim of this policy?A . To deliver an...
What would be the key selection criterion for this buyer?
A buyer has a requirement to purchase 1,000 widgets for a manufacturing company. The widgets are critical for the next stage of the manufacturing process. What would be the key selection criterion for this buyer?A . Ability to deliver by the deadlineB . Ability to produce low-cost widgetsC . Ability...
Which of the following are features of a partnership sourcing relationship compared with a traditional adversarial relationship? Select TWO that apply.
Which of the following are features of a partnership sourcing relationship compared with a traditional adversarial relationship? Select TWO that apply.A . Emphasis on quality with zero defectsB . Emphasis on the lowest priceC . Emphasis on inspection of incoming suppliesD . Emphasis on short-term relationshipE . Emphasis on long-term...
In order to mitigate the risk described, what should both partners have considered before investing in the product?
In the 1990s, a manufacturer of portable music players partnered with a mini-disk producer. The aim of the partnership was to reduce the size and cost of the devices and enhance flexibility. Sales of the product after launch were low due to a competitive launch of small digital players, which...
In order to enable Joseph to gain advantage over the other electricity companies, which type of supplier relationship should he adopt?
Joseph works as a category manager for a large electricity supply company. His company is one of six electricity companies in the country. All have a high annual spend on the same specifications of cable. There are only five cable manufacturers capable of supplying the cables. Joseph has established all...
Which of the following are advantages for the buyer of early supplier involvement with the buyer's product development team?
Which of the following are advantages for the buyer of early supplier involvement with the buyer's product development team?A . 1 and 2 onlyB . 1 and 3 onlyC . 2 and 3 onlyD . 2 and 4 onlyView AnswerAnswer: D Explanation: Early supplier involvement ensures the supplier understands process...
Under which circumstances would a partnership sourcing approach be used?
Under which circumstances would a partnership sourcing approach be used?A . 1 and 2 onlyB . 1 and 3 onlyC . 1 and 4 onlyD . 2 and 4 onlyView AnswerAnswer: B Explanation: Partnership sourcing is ideal for high-spend, high-risk situations where collaboration mitigates risks and maximizes value through innovation,...
What should Fred do?
Fred is a new procurement manager at a large engineering firm. They procure 100s of components and use these to make kitchen appliances such as kettles and toasters. He has been asked by his manager to look into procuring a new component which will go into a new environmentally friendly...
A partnership relationship in portfolio analysis is appropriate for which category of procurement?
A partnership relationship in portfolio analysis is appropriate for which category of procurement?A . Strategic securityB . Tactical profitC . Tactical acquisitionD . Strategic criticalView AnswerAnswer: D Explanation: Partnership relationships are typically used for strategic critical items where the product is essential to operations, and the supplier’s input significantly impacts...
Where would this supplier be positioned in a supplier matrix?
A large office orders weekly from a stationery supplier. The items are low-cost, and if the delivery is a day late, it does not affect the running of the office. Where would this supplier be positioned in a supplier matrix?A . RoutineB . LeverageC . CriticalD . BottleneckView AnswerAnswer: A...
