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Question 8

Which of the following documents can be used at the selection stage of a tender process to ensure that short listed bidders meet the requirements of the buying organisation? Select TWO.

Options:

A.

Request for Information

B.

Request for Quotation

C.

Pre-Qualification Questionnaire

D.

Invitation to Tender

Question 9

The Pareto Principle is sometimes also known as what?

Options:

A.

Five Forces

B.

JIT

C.

ABC Analysis

D.

Cost Engineering

Question 10

In the 1990s a company spent a lot of time and money developing a device that you could carry around that could play CDs. The product spent a long time in development but when it was released the sales figures were very disappointing. This was in part due to the fact another product was released at a similar time which had much more developed technology and could play music without the cumbersome size of a portable CD player. Which of the following did the company not consider when developing the product?

Options:

A.

threat of substitution

B.

threat of new entrant

C.

rivalry among existing competitors

D.

power of buyers

Question 11

The procurement department is sourcing new uniforms for its housekeeping team. Although the housekeeping team in itself doesn’t hold a lot of power within the business, they have a high interest in the activity as it will be them who is wearing the items. When designing the specification, how should the procurement department manage the housekeeping team?

Options:

A.

Keep them satisfied- they will be wearing the uniform so need to be happy with it

B.

Manage them closely- they’re key players in this procurement activity

C.

Keep them informed- it’s important the housekeeping team know what’s going on at each stage of the procurement

D.

Minimal effort is required as they do not hold a lot of power in the business.

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Exam Code: L4M6
Exam Name: Supplier Relationships
Last Update: Nov 22, 2024
Questions: 180
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