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L4M1 Exam Dumps : Scope and Influence of Procurement and Supply

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Scope and Influence of Procurement and Supply Questions and Answers

Question 1

Mo is the new Head of Procurement at Manufacturer X. Manufacturer X is a small organisation which creates bespoke robots for clients. Their supply chain is complex, sourcing many components from various suppliers. Mo has joined the company at a pivotal time of growth. The company wishes to expand the procurement department and formalise its policies. Discuss 5 areas that Mo should consider when drafting the department’s policies and manuals (25 points).

Options:

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Question 2

Industry Sectors can be classified as Primary, Secondary and Tertiary. What is meant by an ‘industry sector’? Describe the main characteristics of and types of business you will find in these. (25 marks)

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Question 3

Describe the main differences between the three economic sectors: public, private and third. Your answer may make reference to the following: funding, ownership, shares, objectives and administration (25 marks)

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