Which of the following is a valid reason for ending a relationship with a supplier?
Supplier development should be undertaken with all suppliers that a buyer uses. Is this statement TRUE?
The Pareto Principle is sometimes also known as what?
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?
The use of technical jargon can result in what?
In public sector procurement, according to EU legislation, certain items must be procured via open-competition. What type of items are these?
Which of the following is not a stage in the relationship life-cycle?
Which of the following is characteristic of an adversarial relationship?
Andrew runs a factory that makes cakes. Vanilla Extract is a vital ingredient in Andrew’s cakes and this is a monopolistic market. Andrew has noticed recently that the quality of the supplier’s product has reduced, and this has led to several complaints from customers. Andrew is considering entering into a Partnership with this supplier as he believes this will help increase the supplier’s performance. Is this the correct thing to do?
A supermarket is struggling with sales and has done an analysis on its competitors. It has discovered that it has two major competitors; one provides groceries at a much cheaper price and another that provides only organic products. The supermarket has decided that it wants to continue providing groceries to a wide target audience but that it will compete by offering superior customer service. What is the supermarket's source of competitive advantage?
The Kraljic Model is most useful for which aspect of procurement?
According to Michael Porter, what is procurement?
Robbie is a procurement manager at a public sector organisation. He is running a tender which is worth £2m and so will advertise this on OJEU. His manager has reminded Robbie to include CPV codes on the tender. What purpose would this serve?
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?
A competitive advantage can be gained by doing what?
Which of the following would you use to qualify new suppliers? Select THREE.
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?
Which of the following statements are true of a market place which is considered a 'perfect competition'? Select TWO.