NEW QUESTION 15
A partnership relationship in portfolio analysis is appropriate for which category of procurement?

NEW QUESTION 16
Which of the following would be the most likely driver for a manufacturing organisation to consider partnership sourcing?

NEW QUESTION 17
In an oliogopy market, what would a regulator do?

NEW QUESTION 18
Jenny is a procurement manager who works in the public sector. She has been charged with organising a tender to source new Xray machines for a hospital and to ensure that they receive ‘value for money’. Which of the following should Jenny consider when drafting her ITT?

NEW QUESTION 19
Which of the following would you use to qualify new suppliers? Select THREE.

NEW QUESTION 20
Barry is a procurement manager at Sea Biscuits, a company which manufactures biscuits in the shape of dolphins and starfish. He works in an office that orders stationary regularly for its 100 person workforce. Stationary is a low-spend category item and Barry often orders stationary from different suppliers based on which supplier can provide the item the cheapest at that point in time. According to the Kraljic matrix, what type of suppliers provides stationary to Barry?

NEW QUESTION 21
A buyer has a requirement to purchase 1,000 widgets for a manufacturing company. The widgets are critical for the next stage of the manufacturing process. What would be the key selection criterion for this buyer?

NEW QUESTION 22
Phone Maker Incorporated is a manufacturer of mobile phones. It is considering investing in a partnership with its supplier of batteries and circuit boards as it wishes to produce new models of its phone more regularly. What is the main driver for Phone Maker Incorporated?

NEW QUESTION 23
A large construction group has a critical contract with a brick supplier. This represents high-value spend and the contract has a five-year duration. What type of commercial relationship would be the most appropriate?

NEW QUESTION 24
In a partnership who is responsible for decision making?

NEW QUESTION 25
A medical consumables buyer has adopted a close relationship approach with their suppliers that are considered to be complicated, technical suppliers. Is this the right approach?

NEW QUESTION 26
Richie has come up with a new idea for sourcing items for the business but feels that it will have mixed reviews within the team. He thinks that some people will be in favour of the idea, and some will be against it. He doesn’t think the CEO will have a strong opinion either way. In order to decide whether to put a business case together and present his idea to the CEO- what should Richie do?

NEW QUESTION 27
Ranjit Singh is carrying out a procurement exercise for medical gases and has been advised that this is a restricted marketplace. A marketplace may be restricted for which of the following reasons?
* The marketplace is heavily regulated by governments and legislation
* Existing suppliers within the marketplace offer excellent services
* There are many suppliers already in operation within the marketplace
* High financial investment is required to enter the marketplace

NEW QUESTION 28
In public sector procurement, according to EU legislation, certain items must be procured via open-competition. What type of items are these?

NEW QUESTION 29
Which one of the following would constitute a succession issue when terminating a relationship?

NEW QUESTION 30
Philip is working with a supplier where the annual spend is low but the market risk is high. What portfolio analysis category would be appropriate?

NEW QUESTION 31
Which of the following behaviours are you likely to see in a Partnership relationship?

NEW QUESTION 32
A company purchases products from a supplier that falls into the ‘strategic’ segment of the supply positioning grid. They are drawing up a formal partnership agreement with the supplier. The supplier views the company as core to their business. What would be an important clause to include in the agreement to help make sure the partnership worked in a fully collaborative way?

NEW QUESTION 33
Which of the following statements is an advantage to the buyer of early supplier involvement? Select the THREE that apply.

NEW QUESTION 34
A ‘restricted market’ is likely to arise when the entry costs for new suppliers are prohibitively high, and levels of market profitability amongst existing suppliers may be relatively low. Is this a true statement?

NEW QUESTION 35
Supplier development should be undertaken with all suppliers that a buyer uses. Is this statement TRUE?

NEW QUESTION 36
Agile Cars Ltd is creating a ‘lean’ business model which involves receiving deliveries of components only when they are required. Which of the following ‘wastes’ is being removed from the business?

NEW QUESTION 37
Lion Manufacturing is about to enter into a partnership with Penguin Logistics, who will provide delivery to and from Lion Manufacturing’s factories and warehouses. In this relationship, what type of negotiation strategy should Lion manufacturing use?

NEW QUESTION 38
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 part of Beyond Say’s spend. Which category of spend would diamonds represent?

NEW QUESTION 39
National Hospital Trust (NHT) has entered into a partnership relationship with a major facilities management provider. The two organizations have agreed on the approach to undertake regular reviews and audits. The audit approach will include which of the following?