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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:...
In an oliogopy market, what would a regulator do?
In an oliogopy market, what would a regulator do?A . prevent price fixing and collusionB . stop the market becoming a monopolyC . ensure value for money for buyersD . ensure health and safety standardsView AnswerAnswer: A Explanation: In an oliogopy, supplier power is strong. Sometimes regulators are required in...
Which of the following processes would be most appropriate for Tom to use to reduce this conflict?
An automotive company has hired Tom as the procurement manager. Tom is to manage a team of two people who have worked in the department for a number of years. Conflict exists between the two members of staff due to an overlap of responsibilities. Which of the following processes would...
When a large organization partners with a small supplier to develop new technology, it is necessary for regular communication. Is this statement true?
When a large organization partners with a small supplier to develop new technology, it is necessary for regular communication. Is this statement true?A . No, because partnerships do not require regular communication during development of new technologyB . Yes, because partnerships require regular communication to succeed in meeting mutual objectivesC...
According to Michael Porter, what is procurement?
According to Michael Porter, what is procurement?A . a support activity which provides a source of competitive advantageB . a primary activity which provides a source of competitive activityC . a primary activity which provides value for moneyD . a secondary activity which provides value for moneyView AnswerAnswer: A Explanation:...
Could this relationship be said to be a partnership relationship?
Sugar Doughnut Ltd has a jam supplier that they have used successfully for over ten years. They have made investments in the supplier’s factory to support them with capital equipment upgrades in return for cost reduction on jam. The two companies also collaborate on bids for large supermarkets when looking...
