QUESTION NO: 1
Which of the following are recognised organisational culture types? Select THREE
Which of the following are recognised organisational culture types? Select THREE
Correct Answer: A,C,E
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QUESTION NO: 2
Rachel and Jacky work in the procurement department of Foddy Foods Ltd. They have been told by their CEO to build better relationships with strategic suppliers as this will create value for money for the company.
In what ways can value for money be achieved by building strong relationships with suppliers? Select TWO.
Rachel and Jacky work in the procurement department of Foddy Foods Ltd. They have been told by their CEO to build better relationships with strategic suppliers as this will create value for money for the company.
In what ways can value for money be achieved by building strong relationships with suppliers? Select TWO.
Correct Answer: C,D
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QUESTION NO: 3
Which of the following statements is an advantage to the buyer of early supplier involvement? Select the THREE that apply.
Which of the following statements is an advantage to the buyer of early supplier involvement? Select the THREE that apply.
Correct Answer: C,D,F
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QUESTION NO: 4
In the Purchasing Portfolio Matrix, a leverage product is a product in a market where it is easy to switch suppliers and the quality is standardised. Is this TRUE or FALSE?
In the Purchasing Portfolio Matrix, a leverage product is a product in a market where it is easy to switch suppliers and the quality is standardised. Is this TRUE or FALSE?
Correct Answer: B
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QUESTION NO: 5
Which of the following are typical examples of partnering between companies? Select the TWO that apply.
Which of the following are typical examples of partnering between companies? Select the TWO that apply.
Correct Answer: B,C
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QUESTION NO: 6
A company supplies IT equipment and buys most of its components from first-tier suppliers in the UK. It wants to analyse its supply market to develop the supply chain and is going to review the main factors that have an influence. The company wants to use the STEEPLED external environmental analysis framework to achieve the best result. Which of the following STEEPLED factors is most likely to have the greatest effect?
A company supplies IT equipment and buys most of its components from first-tier suppliers in the UK. It wants to analyse its supply market to develop the supply chain and is going to review the main factors that have an influence. The company wants to use the STEEPLED external environmental analysis framework to achieve the best result. Which of the following STEEPLED factors is most likely to have the greatest effect?
Correct Answer: B
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QUESTION NO: 7
Value for money is often described at the 'three Es'; economy, efficiency and effectiveness. However some people consider a 4th E which refers to the public sector. What is the fourth E?
Value for money is often described at the 'three Es'; economy, efficiency and effectiveness. However some people consider a 4th E which refers to the public sector. What is the fourth E?
Correct Answer: A
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QUESTION NO: 8
Which of the following is not a stage in the relationship life-cycle?
Which of the following is not a stage in the relationship life-cycle?
Correct Answer: C
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QUESTION NO: 9
Kyle Grant is a procurement director at ATSS Ltd and has introduced a new policy within the procurement function. The policy requires the procurement function to obtain quotations from multiple suppliers if a contract is worth over £10,000. What is the primary aim of this policy?
Kyle Grant is a procurement director at ATSS Ltd and has introduced a new policy within the procurement function. The policy requires the procurement function to obtain quotations from multiple suppliers if a contract is worth over £10,000. What is the primary aim of this policy?
Correct Answer: A
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QUESTION NO: 10
When overcoming stakeholder resistance in a procurement-led project, which of the following groups would have the highest level of influence on other stakeholders?
When overcoming stakeholder resistance in a procurement-led project, which of the following groups would have the highest level of influence on other stakeholders?
Correct Answer: C
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