Category Management - Managing and Analysing Costs

Category Management - Managing and Analysing Costs

Professional Development

11 Qs

quiz-placeholder

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Category Management - Managing and Analysing Costs

Category Management - Managing and Analysing Costs

Assessment

Quiz

Other

Professional Development

Easy

Created by

Mark Liwag

Used 3+ times

FREE Resource

11 questions

Show all answers

1.

WORD CLOUD QUESTION

1 min • Ungraded

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One word that best describes your mood right now

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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What are direct costs?

Expenses for running a business

Costs from shared suppliers

Expenses for producing a product or service

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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What is the purpose of using an expenditure tree?

To categorise direct costs

To analyse shared suppliers' costs

To manage indirect costs effectively

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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In category management, the Pareto Principle suggests that:

20% of suppliers account for 20% of spend.

80% of suppliers account for 80% of spend.

20% of suppliers account for 80% of spend.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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What is the purpose of Pareto analysis in category management?

To identify all suppliers for evaluation.

To maximise transactions.

To prioritise cost reduction or value maximisation.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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What is the purpose of the Kraljic matrix?

To analyse customer preferences

To maximise purchasing power through portfolio analysis

To evaluate financial risk in procurement

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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What does the Kraljic matrix help procurement professionals determine?

Market demand for products

Pricing strategies for suppliers

Supplier partnership strategies

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