- All Exams Instant Download
A procurement manager includes provision on recovery from natural disaster into a through-life specification. Some suppliers suppose that provision is unnecessary. Is procurement manager’s action justified?
A procurement manager includes provision on recovery from natural disaster into a through-life specification. Some suppliers suppose that provision is unnecessary. Is procurement manager’s action justified?A . No, because with current technology, natural disaster can’t disrupt supply chain.B . Yes, because natural disaster may cause risks in organisation’s supply chainC...
Which of the below business sectors does EV Inc belong to?
Competitors are increasingly deploying robotics and automation to boost productivity. Which of the below business sectors does EV Inc belong to?A . ConstructionB . ManufacturingC . Financial servicesD . RetailsView AnswerAnswer: B Explanation: Every sector among the options requires intensive capital investment. However, only manufacturing and retails bury much of...
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,...
Which variable is used by Dana procurement manager to shape and manage supply market?
Dana is an automobile manufacturer. It has a new electrification strategy that aims at making eco-friendly electric pick-up trucks. To implement this strategy, the procurement department must source new categories of parts that make motors, sensors, solenoids and stators. He starts to analyse the market by identifying specific supply market...
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...
Standardisation
StandardisationA . 2 and 3 onlyB . 1 and 3 onlyC . 3 and 4 onlyD . 1 and 4 onlyView AnswerAnswer: D Explanation: Value analysis is often defined as a systematic process for improving the value of a product, service or project. It is typically used in the following...
Why should the buying organization require the supplier to carry out acceptance testing?
Why should the buying organization require the supplier to carry out acceptance testing?A . To get the approval from the senior managementB . To check whether the product matches the specificationC . To compare between the account payables and account receivablesD . To see whether the supplier engages in unethical...
Which of the following is the core of value analysis process?
Which of the following is the core of value analysis process?A . Be creativeB . DevelopC . EvaluateD . Gather informationE . Carry out functional analysisView AnswerAnswer: E Explanation: Value Analysis (VA) is concerned with existing products. It involves a current product being ana-lysed and evaluated by a team, to...
Which of the following should be a priority action of the company?
GSC Ltd is a manufacturer of car parts. To accommodate growing demands of electric cars, the company is developing a new component which requires different type of steel. The project team estimates that the component will be ready for production in 1.5 years. Until then, they need to keep the...
The position of a product in its life cycle can affect the price that suppliers set. Is this statement correct?
The position of a product in its life cycle can affect the price that suppliers set. Is this statement correct?A . No, in market economy, the state decides the price of all goods and servicesB . Yes, each stage in product life cycle requires different levels of investment in promotion...
