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Intellectual Property Rights (IPR) include items such as copywrite and trademarks. A buyer is considering entering into a partnership with their supplier to create a new product which will be released in two years’ time. Should IPR be included into a contract between partners?
Intellectual Property Rights (IPR) include items such as copywrite and trademarks. A buyer is considering entering into a partnership with their supplier to create a new product which will be released in two years’ time. Should IPR be included into a contract between partners?A . Yes- IPR should always remain...
What is a disadvantage of doing this?
Harry runs a hotel and has recently decided to contract an external supplier to provide the cleaning of the rooms . What is a disadvantage of doing this?A . This allows staff to focus on other areas B. There is dependency on the supplier, which increases risk C. The supplier...
Which of the following would you use to qualify new suppliers? Select THREE.
Which of the following would you use to qualify new suppliers? Select THREE.A . commitment B. clean C. collection D. cost E. callView AnswerAnswer: A,B,D Explanation: This is based on a real exam question- it's looking to see if you can remember Carter's 10 Cs. These are; cash, cost, consistency,...
The Public Sector in the UK is unable to enter into formal partnership relationships with any supplier. Is this statement TRUE?
The Public Sector in the UK is unable to enter into formal partnership relationships with any supplier. Is this statement TRUE?A . Yes- the Public Sector is regulated by EU procurement regulations which prohibits this B. Yes- the Public Sector is unable to enter partnerships because they operate in a...
Which of the following macro-environmental factors can affect supply chains?
Which of the following macro-environmental factors can affect supply chains?A . social, economic and cost B. environmental, ethical and cost C. political, economic and social D. environmental, ergonomic and socialView AnswerAnswer: C Explanation: STEEPLE is what is used to analyse the macro-environment; the factors are; social, technological, economic, environmental, political,...
What is the correct order of the stages of team development?
What is the correct order of the stages of team development?A . Forming, storming, norming, performing B. Forming, norming, performing, storming C. Storming, forming, performing, norming D. Storming, forming, norming, performingView AnswerAnswer: A Explanation: The correct answer is Forming, storming, norming, performing (p.91). Note; some people add on two additional...
What other level features on this model?
Early Supplier Involvement can be described as a collaborative relationship between a buyer and a supplier to develop a new project. Handfield’s model describes four different levels of supplier involvement ranging from none to ‘black box’ (which is when the design is primarily driven by the supplier . What other...
What is value mapping?
What is value mapping?A . Analysing the costs that go into making a product B. Creating value through the elimination of waste and operational inefficiencies C. Segmenting suppliers based on the value they bring to the company D. Make vs Buy decisionView AnswerAnswer: B Explanation: The definition of value mapping...
Which of the following are primary activities, according to Porter's Value Chain? Select THREE.
Which of the following are primary activities, according to Porter's Value Chain? Select THREE.A . Procurement B. Operations C. Marketing and Sales D. Human Resources E. Inbound LogisticsView AnswerAnswer: B,C,E Explanation: This QUESTION NO: refers to Porter's Value Chain (p.35). There's a couple of questions on this in the exam...
Is this the correct way forward?
David is sourcing a new cleaning contract as he is not impressed with his current cleaning company’s performance. He believes that his current supplier has been overcharging him, and due to budget cuts, he is keen to secure a lower price than what he is paying now. His Manager has...
