L4M6 Supplier Relationships Recap Week 4

Measurements to monitor performance are...Choose TWO that apply

• Qualitative

• Qualitied

• Qualaquin

• Quantative

Gilbert and Gips Business Continuity System has 4 stages - Choose the odd one out

• Risk identification

• Risk assessment

• Risk ranking

• Risk monitoring

• Risk management

A structure where there are only a few but large customers dominating the market is known as a…

• Monopoly

• Perfect Competition

• Oligopsony

• Monopsony

Which THREE of the following are included in the 10c’s of supplier appraisal

• Compliance

• Competition

• Cost

• Credibility

• Clean

Which of the following is a connected stakeholder in a company

• Managers

• Media

• Shareholders

• Tax Authority

A cross organisational team will generally be involved in which of the following

• Developing a procurement strategy

• Straight re-buy orders

• Purchase of low value items

• Establishing a new business unit

Two major European supermarket chains, Tesco and Carrefour, have entered into a long-term partnership. They will leverage their joint product knowledge and sourcing skills to achieve significant cost reductions in the non-food goods sector, such as expenses on temporary staff, logistics and distribution, store fit-out, marketing, HR services and IT. The two companies will still operate independently and follow their own business strategies. What kind of partnership have Tesco and Carrefour established?

• Closer tactical relationship

• Co destined relationship

• Strategic alliance relationship

• Outsourced relationship

How does Common Procurement Vocabulary (CPV) help with public procurement in the EU?

• To decrease the level of competition between buyers

• To determine a supplier's fixed costs and variable costs

• To send the contract opportunities to interested suppliers

• To increase the buyer's bargaining power in negotiation

What is the fundamental tool for examining the origins of competitive advantage?

• Value judgement

• The Value Chain

• Value for Money

• The Value Added benefit

On what principle does ABC analysis operate

• Selected few, trivial many

• Significant few, trivial many

• Trivial few, selected many

• Trivial few, significant many