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[SME20]ASSESSMENT PLANT INVENTORY & NEGOTIATION SKILL (POST)

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Why is spend analysis important?

A- Opportunity identification

B - Spend visibility

C - Spend management

D - Pay Later

a)

A, B & C

b)

A & B

c)

B & C

d)

All the above

2.

What are the 3 benefits of procurement management?

a)

reduce price, increase value, cost mitigation

b)

Increased certainity & quality, cost control, reduce risk

c)

reduce mitigation, reduce quality, cost risk

d)

reduce time, control cost, control mitigation

3.
Which of these statements is true pertaining inventory management in an organization?
a)
Reducing average inventory can reduce required working capital and improve liquidity
b)
Increasing average inventory can reduce required working capital and improve liquidity
c)
Increasing working capital can improve average inventory level and liquidity
d)
Reducing liquidity will improve average inventory while getting working capital
4.

Inventory Strategy in TNB GenCo is fundamentally…

a)
result of cross-functional tradeoffs between planner, engineer, finance & BSS
b)
minimizing spares inventory to "dead stock"
c)
maintaining re-order level of spares to zero
d)
buy or make analysis
5.
What is the ONE reason which an organization ends up with high inventory level
a)
Maintenance misalignment - Maintenance likes low inventory level only
b)
Axial misalignment - Management hate low inventory level only
c)
Demand misalignment - Management demands high level of inventory at all time
d)
Incentive misalignment - Management only reacts when low inventory level occurs and no reaction given when there are too much inventory level.
6.

Select the wrong statement about B.U.Y.E.R Framework

a)

It has tools like TCO, Benchmarking, LPP, Clean sheet analysis

b)

Under "Execute", there is a spend analysis activity

c)

Negotiation has 3 forces which is Time, Information and Power

d)
None of the above
7.

Which is the following is not the Negotiation Preparation Checklist?

a)

Accomodation

b)

Task & Responsibility

c)

Goal setting

d)

Concession

8.

Which is the example of "One Last Thing" negotiation tactic?

a)

Ask for additional personal favor like sponsored vacation etc.

b)

Revisit the final discount percentage and ask to increase it back

c)

Ask for a final concession after the deal is more or less closed

d)

All of the above

9.
What are the negotiation tactics that have the balance approach between "Logic" and "Bargaining Power"?
a)
Salami Slicing , All I can Afford and One last Thing
b)
Flinch and Physical disturbance
c)
Silence and Straight Talk
d)
Divide/Rule and Dumbstruck
10.
Forces of negotiations are Time, Power and Information. How to leverage on "Power" during negotiation?
a)
By having our experienced technician to help us to give the details of boiler tube types during negotiation
b)
By having our CFO in the negotiation team during negotiation with the turbine blade purchase for our company
c)
By having our technical expert in boiler combustion during negotiating for buying a "Burner"
d)
All of above