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A partnership approach to a buyer-supplier relationship, as opposed to a traditional adversarial approach, would have which of the following characteristics?
A partnership approach to a buyer-supplier relationship, as opposed to a traditional adversarial approach, would have which of the following characteristics?A . Greater levels of transparencyB . Increased supplier contractual termsC . Specifications designed by the buyerD . Shared cost benefitsView AnswerAnswer: A, D Explanation: Partnerships are built on trust...
Which of the following would not affect rivalry in a marketplace? Select TWO.
Which of the following would not affect rivalry in a marketplace? Select TWO.A . industry growth or declineB . exit barriersC . switching costsD . supply chain disruptionE . legislative changesView AnswerAnswer: D, E Explanation: Legislative changes wouldn't affect rivalry in a market as all suppliers would be equally as...
Which sourcing approach would be the most appropriate?
A local council requires facilities management services for ten schools based in their region. This service is a high-spend, high-risk, critical contract. Which sourcing approach would be the most appropriate?A . Request for quotationB . Competitive tenderingC . Statement of source requirementsD . Direct negotiationView AnswerAnswer: B Explanation: Competitive tendering...
Which of the following factors would you use to analyse the macro-environment? Select THREE.
Which of the following factors would you use to analyse the macro-environment? Select THREE.A . socialB . culturalC . politicalD . philosophicalE . legislativeView AnswerAnswer: A, C, E Explanation: STEEPLE is what is used to analyse the macro-environment; the factors are; social, technological, economic, environmental, political, legislative and ethical. Details...
Which of the following added-value approaches will be the most critical for the procurement team of the retailer to focus on with their supply chain?
A low-cost fashion retailer based in Europe is looking at adding value in their procurement activities. The retailer buys clothing for resale with a very small profit margin applied, relying on volume sales to make a profit. Which of the following added-value approaches will be the most critical for the...
What is the fourth E?
Value for money is often described at the ‘three Es’; economy, efficiency and effectiveness. However some people consider a 4th E which refers to the public sector. What is the fourth E?A . EqualityB . EnvironmentC . EquityD . EthicsView AnswerAnswer: C Explanation: Equity is the fourth E- this means...
Which of the following is a selection criterion rather than an award criterion?
A company is about to invite tenders for a contract to clean external windows at several premises, all at least three storeys high. It is going to do this in two stages. For the first stage, it will issue a pre-qualification questionnaire (PQQ) and, from the replies, select at least...
Gabriel is a procurement manager who wishes to explore a new avenue to procure products for his company. His manager has told him that he should invite internal stakeholders to a meeting to get their feedback. Who should Gabriel invite? Select THREE.
Gabriel is a procurement manager who wishes to explore a new avenue to procure products for his company. His manager has told him that he should invite internal stakeholders to a meeting to get their feedback. Who should Gabriel invite? Select THREE.A . end-usersB . legal departmentC . customersD ....
What type of commercial relationship would be the most appropriate?
A large construction group has a critical contract with a brick supplier. This represents high-value spend, and the contract has a five-year duration. What type of commercial relationship would be the most appropriate?A . PartnershipB . TransactionalC . Closer TacticalD . OutsourcingView AnswerAnswer: A Explanation: Given the criticality and high...
What is the most important legal consideration to be taken before terminating?
A law firm is ending an agreement with a client they have represented for many years. What is the most important legal consideration to be taken before terminating?A . Employee rightsB . ConfidentialityC . FinanceD . SecurityView AnswerAnswer: B Explanation: Confidentiality is critical in professional relationships, especially for law firms,...
