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Which of the following would be drivers for Stephen to adopt a partnership relationship with a supplier?
Stephen Jones is assessing the relationships he has with his supplier base. Which of the following would be drivers for Stephen to adopt a partnership relationship with a supplier?A . 1 and 2 onlyB . 2 and 3 onlyC . 1 and 4 onlyD . 2 and 4 onlyView AnswerAnswer:...
In an oliogopy market, what would a regulator do?
In an oliogopy market, what would a regulator do?A . prevent price fixing and collusionB . stop the market becoming a monopolyC . ensure value for money for buyersD . ensure health and safety standardsView AnswerAnswer: A Explanation: In an oliogopy, supplier power is strong. Sometimes regulators are required in...
Which of the following processes would be most appropriate for Tom to use to reduce this conflict?
An automotive company has hired Tom as the procurement manager. Tom is to manage a team of two people who have worked in the department for a number of years. Conflict exists between the two members of staff due to an overlap of responsibilities. Which of the following processes would...
When a large organization partners with a small supplier to develop new technology, it is necessary for regular communication. Is this statement true?
When a large organization partners with a small supplier to develop new technology, it is necessary for regular communication. Is this statement true?A . No, because partnerships do not require regular communication during development of new technologyB . Yes, because partnerships require regular communication to succeed in meeting mutual objectivesC...
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...
