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Which of the following are advantages for the buyer of entering into a partnership? Select
Which of the following are advantages for the buyer of entering into a partnership? Select TWO.A . They are likely to be able to gain price stability B. There may be greater continuity of supply C. They will gain an increased volume of business D. The supplier may become complacentView...
What would be a reason for a reactive approach?
When developing a supplier partnership, a buyer can take either a strategic or reactive approach . What would be a reason for a reactive approach?A . You discover that the supplier has a high profit margin B. The buyer wishes to create a new product and requires input from a...
What is a limitation to using this Matrix to categorise stakeholders?
Mendelow’s Stakeholder Matrix categorises stakeholders into four groups and provides insight into how these stakeholders should be managed . What is a limitation to using this Matrix to categorise stakeholders?A . Nowadays, Stakeholders fall into more than four categories B. The Matrix doesn’t consider the power these stakeholders have C....
Which of the following are possible drivers for partnership sourcing? Select THREE.
Which of the following are possible drivers for partnership sourcing? Select THREE.A . The protection of intellectual property rights B. The marketplace has become more volatile C. Working together will create synergies D. The need to improve performance to satisfy the end customer To increase production costs and lead-timesView AnswerAnswer:...
What does CPV stand for?
In public sector procurement, tenders are advertised with CPV codes, which provide a reference to describe the product or service being tendered . What does CPV stand for?A . Condensed Procurement Vocabulary B. Common Procurement Vocabulary C. Complete Procurement Vocabulary D. Clear Procurement VocabularyView AnswerAnswer: B Explanation: CPV stands for...
Which of the following is an advantage for the suppler of entering into a partnership with a buyer?
Which of the following is an advantage for the suppler of entering into a partnership with a buyer?A . They may gain an increased volume of business B. There is more flexibility when selling the product C. The Intellectual Property Rights of the buyer become yours D. They no longer...
How should the procurement manager include the CEO in the procurement activity?
The CEO of a business has asked his procurement manager to source new machinery for the factory. This machinery will help create a new line of products which will give the company a competitive edge. The CEO is heavily invested in this procurement activity as profits have been lower than...
Which of the following are not stages of team development? Select TWO.
Which of the following are not stages of team development? Select TWO.A . Forming B. Mourning C. Achieving D. Adjourning E. AcceptingView AnswerAnswer: C,E Explanation: This question is very, very similar to a real exam QUESTION NO: and is a really mean one. The CIPS study guide describes stages of...
Which category of spend would diamonds represent?
Beyond Say is a manufacturer of diamond rings. It sources a lot of different parts to create its products including diamonds, gold, cardboard boxes for the rings to go in, as well as stationary and copier paper for the offices. Although it doesn't buy many diamonds, these represent a large...
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-users B. legal department C. customers D....
