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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...
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...
Which internal stakeholders may help Angelica estimate the breakdown of costs?
Thani Ltd is a fast growing logistics company with a fleet of 20 tractors. To meet Net Zero objective, the company needs to electrify its fleet. Angelica is assigned to investigate the market price of electrifying services. After the investigation, she realises that the current market price is very expensive...
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 kind of these following costs belong to fixed costs? Select TWO that apply.
Which kind of these following costs belong to fixed costs? Select TWO that apply.A . Energy consumption in manufacturingB . The annual income tax charged by local authoritiesC . The packaging and distribution costsD . The depreciation of capital inputsE . The costs of leasing or purchasing capital equipmentView AnswerAnswer:...
