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L4M6 pdf

L4M6 PDF

Last Update Dec 22, 2024
Total Questions : 180 With Comprehensive Analysis

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Last Update Dec 22, 2024
Total Questions : 180

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Last Update Dec 22, 2024
Total Questions : 180 With Comprehensive Analysis

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Supplier Relationships Questions and Answers

Questions 1

In Public Sector procurement a PIN is sent out to inform suppliers of an upcoming tender opportunity. What does PIN stand for?

Options:

A.

Prior Information Notice

B.

Procurement Information Number

C.

Procurement Identification Number

D.

Possibilities Identified Notice

Questions 2

According to Michael Porter, what is procurement?

Options:

A.

a support activity which provides a source of competitive advantage

B.

a primary activity which provides a source of competitive activity

C.

a primary activity which provides value for money

D.

a secondary activity which provides value for money

Questions 3

Victoria runs a hotel and has recently had several security issues such as attempted robberies. She has decided that she needs to hire a security firm to ensure these issues don’t continue. She has done some research and has found there are several local security firms who may be able to provide services to her hotel. However, she hasn’t decided exactly what she would require the security firm to do. What should be Victoria’s next steps?

Options:

A.

Issue a Request for Proposal

B.

Issue an Invitation to Tender

C.

Issue a Request for Quotation

D.

Issue a Prior Information Notice