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What should be Danny’s next step?
Danny is procuring a new IT software, which he doesn’t know much about. He has done a bit of research on the internet but is still unsure how much he can expect to pay . What should be Danny’s next step?A . Issue a RFI B. Issue a RFQ C....
Which of the following is Polly Manufacturing likely to outsource?
Polly Manufacturing is a company which manufactures bicycle parts. It has several factories around the country and is one of the leading suppliers of wheels, bells and pedals. Which of the following is Polly Manufacturing likely to outsource? Select TWO options.A . Manufacturing of all bicycle parts B. Manufacturing of...
Which of the following are valid strategies for dealing with conflict? Select THREE
Which of the following are valid strategies for dealing with conflict? Select THREEA . Competing B. Collecting C. Contesting D. Compromising E. CollaboratingView AnswerAnswer: A,D,E Explanation: The three right answers are competing, collaborating and compromising. See the Thomas Kilmann Model on p.87. There are quite a few questions on this...
What does PIN stand for?
In Public Sector procurement a PIN is sent out to inform suppliers of an upcoming tender opportunity . What does PIN stand for?A . Prior Information Notice B. Procurement Information Number C. Procurement Identification Number D. Possibilities Identified NoticeView AnswerAnswer: A Explanation: A PIN is a ‘prior information notice’ C...
Which of the following are advantages for the buyer of entering into a partnership? Select
Which of the following are advantages for the buyer of entering into a partnership? Select TWO.A . They are likely to be able to gain price stability B. There may be greater continuity of supply C. They will gain an increased volume of business D. The supplier may become complacentView...
What would be a reason for a reactive approach?
When developing a supplier partnership, a buyer can take either a strategic or reactive approach . What would be a reason for a reactive approach?A . You discover that the supplier has a high profit margin B. The buyer wishes to create a new product and requires input from a...
What is a limitation to using this Matrix to categorise stakeholders?
Mendelow’s Stakeholder Matrix categorises stakeholders into four groups and provides insight into how these stakeholders should be managed . What is a limitation to using this Matrix to categorise stakeholders?A . Nowadays, Stakeholders fall into more than four categories B. The Matrix doesn’t consider the power these stakeholders have C....
Which of the following are possible drivers for partnership sourcing? Select THREE.
Which of the following are possible drivers for partnership sourcing? Select THREE.A . The protection of intellectual property rights B. The marketplace has become more volatile C. Working together will create synergies D. The need to improve performance to satisfy the end customer To increase production costs and lead-timesView AnswerAnswer:...
What does CPV stand for?
In public sector procurement, tenders are advertised with CPV codes, which provide a reference to describe the product or service being tendered . What does CPV stand for?A . Condensed Procurement Vocabulary B. Common Procurement Vocabulary C. Complete Procurement Vocabulary D. Clear Procurement VocabularyView AnswerAnswer: B Explanation: CPV stands for...
Which of the following is an advantage for the suppler of entering into a partnership with a buyer?
Which of the following is an advantage for the suppler of entering into a partnership with a buyer?A . They may gain an increased volume of business B. There is more flexibility when selling the product C. The Intellectual Property Rights of the buyer become yours D. They no longer...
