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According to Michael Porter, what is procurement?
According to Michael Porter, what is procurement?A . a support activity which provides a source of competitive advantageB . a primary activity which provides a source of competitive activityC . a primary activity which provides value for moneyD . a secondary activity which provides value for moneyView AnswerAnswer: A Explanation:...
Could this relationship be said to be a partnership relationship?
Sugar Doughnut Ltd has a jam supplier that they have used successfully for over ten years. They have made investments in the supplier’s factory to support them with capital equipment upgrades in return for cost reduction on jam. The two companies also collaborate on bids for large supermarkets when looking...
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 ....
