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Which of the following is Luke now likely to know about the marketplace?
Luke has sent out a Request for Information to test the waters of the supply market for a new product he is sourcing. He has received a high number of detailed documents back from suppliers. Which of the following is Luke now likely to know about the marketplace? Select THREEA...
What type of relationship should a buyer seek when making strategic sourcing for their business?
What type of relationship should a buyer seek when making strategic sourcing for their business?A . transactionalB . collaborativeC . arms-lengthD . partnershipView AnswerAnswer: B Explanation: The buyer should seek a 'collaborative' relationship. Transactional and arms-length relationships are more suited to tactical sourcing. Partnerships are reserved for joint-ventures.
Which of the following would be the most appropriate items for Curly Cake Incorporated to outsource?
Curly Cake Incorporated makes lots of different types of confectionary items. Although they are most famous for their cakes, they also have a smaller line of cereal bars and biscuits. Which of the following would be the most appropriate items for Curly Cake Incorporated to outsource? Select TWOA . cakesB...
What should be the procurement manager's course of action?
A procurement manager who works in the public sector has received 8 submissions to a tender op-port unity that was advertised on OJEU. The average price submission for the contract was £1m but one supplier has submitted a price of £200,000, which the procurement manager has identified as being 'an...
Which of the following would you use to determine the outcome of a competitive tender? Select TWO.
Which of the following would you use to determine the outcome of a competitive tender? Select TWO.A . locationB . distributionC . reputationD . qualityE . priceView AnswerAnswer: D, E Explanation: Price and Quality are the two considerations when marking a competitive tender. Location, distribution and reputation may be considered...
What is this?
The gross profit of a company can be calculated by using a simple formula. What is this?A . total revenue - cost of salesB . assets - liabilitiesC . cost of sales - fixed assetsD . debt owed - total salesView AnswerAnswer: A Explanation: gross profit = total revenue -...
Which of the following should Robert look at?
Robert is appraising suppliers and is keen to evaluate suppliers' contribution to the community and the environment. Which of the following should Robert look at?A . ESG PolicyB . Anti-Slavery PolicyC . ISO9001D . ISO27000View AnswerAnswer: A Explanation: Robert should look at the supplier's ESG policy. This stands for Environmental...
