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Which of the following should be adopted by the company?
A company is analysing its existing product's components and aims at reducing costs without damaging customer value proposition. They want to check which components are critical and which are unnecessary. Which of the following should be adopted by the company?A . Under specification B. Value engineering C. Value analysis D....
Which of the following method is that purchaser applying?
A purchaser is looking for alternative supplies if there is a major disruption to their supply chain, including logistics, manufacturing and all support services. Which of the following method is that purchaser applying?A . Treat the risk B. Terminate the risk C. Tolerate the risk D. Transfer the riskView AnswerAnswer:...
Which kind of these following costs belong to fixed costs? Select TWO that apply.
Which kind of these following costs belong to fixed costs? Select TWO that apply.A . Energy consumption in manufacturing B. The annual income tax charged by local authorities C. The packaging and distribution costs D. The depreciation of capital inputs E. The costs of leasing or purchasing capital equipmentView AnswerAnswer:...
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...
Information security
Information security 2 and 4 onlyA . 1 and 2 only B. 2 and 3 only C. 3 and 4 onlyView AnswerAnswer: B Explanation: ISO 14001:2015 specifies the requirements for an environmental management system that an or-ganization can use to enhance its environmental performance. ISO 14001:2015 is intended for use...
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...
How much aluminum will Apple need to purchase in next year?
Apple’s CPO is planning a budget for purchasing carbon-free aluminium next year. There are 27.4 tonnes of aluminum in stock, while Apple will need 200 tonnes for production next year and double inventory for production in the following year. How much aluminum will Apple need to purchase in next year?A...
What is the output of regression analysis?
What is the output of regression analysis?A . Forecasting process B. Dependent variables C. Line of best fit D. Independent variablesView AnswerAnswer: C Explanation: Regression refers to a quantitative measure of the relationship between one or more independent variables and a resulting dependent variable. Regression is of use to professionals...
Why should the buying organisation require the supplier to carry out acceptance testing?
Why should the buying organisation require the supplier to carry out acceptance testing?A . To get the approval from the senior management B. To check whether the product matches the specification C. To compare between the account payables and account receivables D. To see whether the supplier engages in unethical...
Which of the following ratio could help the procurement manager to make the right decision?
When a procurement manager considers a substitution, the number and nature of additional func-tions that substitute provides should be taken into account carefully. Which of the following ratio could help the procurement manager to make the right decision?A . Value to price ratio B. Price to Earnings ratio C. Reserve...
