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Is this a correct approach?
Sealines Inc is developing its fleet of cargo ships. The company is planning to build a new ship powered by natural gas. Brian, the procurement manager at Sealines, suggests the project team to develop a through-life specification before engaging with the supplier. Is this a correct approach?A . Yes, decommissioning...
Which of the following is an useful tool for value engineering?
Which of the following is an useful tool for value engineering?A . SAMOAB . Kraljic Portfolio MatrixC . Star-burst methodD . Kano modelView AnswerAnswer: D Explanation: Value Engineering (VE) is concerned with new products. It is applied during product development. The focus is on reducing costs, improving function or both,...
At which stage of through-life contract management, procurement team needs to identify sources of risk and the ways to mitigate them?
At which stage of through-life contract management, procurement team needs to identify sources of risk and the ways to mitigate them?A . Specification stageB . Supplier relationship stageC . Tendering stageD . Contracting stageView AnswerAnswer: B Explanation: Risk management has become incredibly complex, especially for capital purchase which requires through-life...
Information security
Information security 2 and 4 only B. 1 and 2 only C. 2 and 3 only D. 3 and 4 onlyView AnswerAnswer: B Explanation: ISO 14001:2015 specifies the requirements for an environmental management system that an organization can use to enhance its environmental performance. ISO 14001:2015 is intended for use...
Which of the following problems may be identified as open-ended problems? Select TWO that apply:
Which of the following problems may be identified as open-ended problems? Select TWO that apply:A . Shortage of key medicines in healthcare industryB . A cyber attack takes down whole company’s IT systemC . Engine failures cause flight cancellations.D . Logistics costs incur a large portion in wholesale pricesE ....
Which of the following will be the most appropriate managing approach to procure these items?
British Steel needs to source a set of instruments that will improve quality of steel. Without these instruments British Steel will loss control of the temperature. The bucket may freeze up, or if it is too hot it leaks out of the casting process, damaging the machine. There is limited...
Which of the following will help them decide the 'should-have' functions of the new product?
Daytona Ltd is developing a new product which is more environmental friendly. Though the objectives are set, the project team has no idea on which functions will be customers' favourites. Which of the following will help them decide the 'should-have' functions of the new product?A . Kano modelB . Taguchi...
Which of the following can cause overhead variance? Select TWO that apply:
Which of the following can cause overhead variance? Select TWO that apply:A . Rising production worker's wage rate per hourB . Decrease in production volumeC . Spike in material priceD . Decreasing packaging costsE . Spike in monthly leasing feeView AnswerAnswer: B, E Explanation: Overhead variances arise when the actual...
Which type of specification is less time-consuming to develop?
Which type of specification is less time-consuming to develop?A . Outcome-based specificationB . Design specificationC . Conformance specificationD . Technical drawingsView AnswerAnswer: A Explanation: There are two major types of specification: conformance and performance specifications. They have the following characteristics: Since performance specification is often a list of outputs or...
Which of the following factors might prompt an organisation to procure an alternative product?
Which of the following factors might prompt an organisation to procure an alternative product? Select THREE that apply:A . Brand loyaltyB . Relative value to money between optionsC . Buying organisation's propensities to changeD . Easy access to distribution channelE . Threat of retaliationF . Switching costView AnswerAnswer: B, C,...
