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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...
A common reason attributed to many partnerships failing is ...
A common reason attributed to many partnerships failing is ...A . A bad advertising campaignB . Not winning every contract they bid forC . No contract being in placeD . Poor communicationView AnswerAnswer: D Explanation: Poor communication leads to misunderstandings, unmet expectations, and conflict, undermining partnerships. CIPS stresses the importance...
Which of the following tender processes available to a buyer involves a Pre-Qualification Questionnaire (PQQ) to identify, assess, and create a shortlist of suppliers being invited to the Invitation to Tender (ITT) stage? Select TWO that apply.
Which of the following tender processes available to a buyer involves a Pre-Qualification Questionnaire (PQQ) to identify, assess, and create a shortlist of suppliers being invited to the Invitation to Tender (ITT) stage? Select TWO that apply.A . Open ProcedureB . Mini-Competition ProcedureC . Restricted ProcedureD . Two-stage ProcedureE ....
In order for the partnership to be successful, what is a critical action to take in the early stages of their relationship?
A partnership between a software development company and a software supplier has recently been created. In order for the partnership to be successful, what is a critical action to take in the early stages of their relationship?A . Define the standards both parties are expected to meetB . Look at...
Which of the following are typical drivers for a partnership between the buyer and the supplier? Select the THREE that apply.
Which of the following are typical drivers for a partnership between the buyer and the supplier? Select the THREE that apply.A . The buyer has a high spend with the supplierB . There are many suppliers in the marketC . The product is critical for the buyerD . The product...
Which one of the following would constitute a succession issue when terminating a relationship?
Which one of the following would constitute a succession issue when terminating a relationship?A . Processing penaltiesB . Deletion of old specificationsC . Continuity of suppliesD . Payment of old invoicesView AnswerAnswer: C Explanation: Ensuring continuity of supplies is critical during termination to avoid disruptions. Succession issues focus on maintaining...
Which one of the following is an advantage of early supplier involvement?
Which one of the following is an advantage of early supplier involvement?A . Supplier is responsible for all intellectual property risksB . Large investment in supplier communicationsC . Understanding of supplier capabilitiesD . No need for supplier non-disclosure agreementsView AnswerAnswer: C Explanation: Early supplier involvement highlights supplier strengths and capabilities,...
Is this the correct process?
The director of procurement for a global telecommunications firm has segmented their expenditure and has decided to focus on developing relationships with their bottleneck suppliers. Is this the correct process?A . No, as there is lots of variety of goods availableB . No, as there is vast competitionC . Yes,...
Which of the following would be drivers for Stephen to adopt a partnership relationship with a supplier?
Stephen Jones is assessing the relationships he has with his supplier base. Which of the following would be drivers for Stephen to adopt a partnership relationship with a supplier?A . 1 and 2 onlyB . 2 and 3 onlyC . 1 and 4 onlyD . 2 and 4 onlyView AnswerAnswer:...
