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Which of the following might be the consequences of under-specification? Select TWO that apply:
Which of the following might be the consequences of under-specification? Select TWO that apply:A . Few suppliers can supply the full range of featuresB . Additional cost to reworkC . Unfit products or servicesD . Poor competition between suppliersE . Higher cost due to inessential featuresView AnswerAnswer: B, C Explanation:...
Halfords is a major bicycle and car parts retailer with long history in the market. Its suppliers are plentiful and there is no threat of forward integration. Some other smaller retailers are applying 3D-printing technology to make personalized bicycle parts but their market share is relatively low. 3D-printing technology is an example of which competitive force?
Halfords is a major bicycle and car parts retailer with long history in the market. Its suppliers are plentiful and there is no threat of forward integration. Some other smaller retailers are applying 3D-printing technology to make personalized bicycle parts but their market share is relatively low. 3D-printing technology is...
Which of the following elements should be included in the business case?
A CPO is making a business case for acquiring a new computer system. He has set out objective, generated options, cost and benefit of each option and implementation plan. Which of the following elements should be included in the business case?A . Risk assessmentB . Operation managementC . Invitation to...
Which of the following ratio could help the procurement manager to make the right decision?
When a procurement manager considers a substitution, the number and nature of additional functions that substitute provides should be taken into account carefully. Which of the following ratio could help the procurement manager to make the right decision?A . Value to price ratioB . Price to Earnings ratioC . Reserve...
Which of the following problems may be identified as closed problems? Select TWO that apply:
Which of the following problems may be identified as closed problems? Select TWO that apply:A . A cyber attack takes down whole company’s IT systemB . Shortage of key medicines in healthcare industryC . There are not enough data for procurement analyticsD . Logistics costs incur a large portion in...
Acquiring competitors
Acquiring competitorsA . 3 and 4 onlyB . 3 and 5 onlyC . 1 and 2 onlyD . 2 and 5 onlyView AnswerAnswer: A Explanation: "A firm's relative position within its industry determines whether a firm's profitability is above or below the industry average. The fundamental basis of above average...
Which of the following describes the process that the project team is undertaking?
Lider Ltd is a leading bathroom furniture manufacturer in India. The company has more than 30 years experience in the market with extended knowledge of engineering and customers' taste. Lider is planning to launch a new type of bath fitting next year which offers Bluetooth connectivity and thermostat display. The...
Which of the following might be the consequences of under-specification? Select TWO that apply:
Which of the following might be the consequences of under-specification? Select TWO that apply:A . Few suppliers can supply the full range of featuresB . Additional cost to reworkC . Unfit products or servicesD . Poor competition between suppliersE . Higher cost due to inessential featuresView AnswerAnswer: B, C Explanation:...
This activity is known as...?
After a project, the procurement team at CLK Ltd meets up and summarises on the performance. They see that they actually spent $5,000 less than planned budget. The team tries to identifies why there is such difference. This activity is known as...?A . Cash flow analysisB . Variance analysisC ....
What is the purpose of sending value engineering analysis to external suppliers?
What is the purpose of sending value engineering analysis to external suppliers?A . To improve early supplier involvementB . To improve the existing productsC . To analyse the supply marketD . To standardise production processedView AnswerAnswer: A Explanation: Value engineering is often applied to new products or services. Early supplier...
