L4M6 exam

Early Supplier Involvement can be described as a collaborative relationship between a buyer and a supplier to develop a new project. Handfield’s model describes four different levels of supplier involvement ranging from none to ‘black box’ (which is when the design is primarily driven by the supplier . What other...

What is value mapping?A . Analysing the costs that go into making a product B. Creating value through the elimination of waste and operational inefficiencies C. Segmenting suppliers based on the value they bring to the company D. Make vs Buy decisionView AnswerAnswer: B Explanation: The definition of value mapping...

Which of the following are primary activities, according to Porter's Value Chain? Select THREE.A . Procurement B. Operations C. Marketing and Sales D. Human Resources E. Inbound LogisticsView AnswerAnswer: B,C,E Explanation: This QUESTION NO: refers to Porter's Value Chain (p.35). There's a couple of questions on this in the exam...

David is sourcing a new cleaning contract as he is not impressed with his current cleaning company’s performance. He believes that his current supplier has been overcharging him, and due to budget cuts, he is keen to secure a lower price than what he is paying now. His Manager has...