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WorksheetsL4 M6
Total questions: 22
Worksheet time: 16mins
WHICH MATRIX HELPS THE BUYER DETERMINE RISK AND SPEND VALUE
(a)The extent to which services are available to, and reach, all of the people they are intended to addresses which E in VALUE FOR MONEY ?
efficiency
effectiveness
Equity
economy
WHICH MATRIX COMBINES BOTH KRALJIC AND PREFERENCING MODEL
(a)BOTTLENECK QUADRANT BELONGS TO
(a)This model helps a buyer to understand where its requirements are and how it is
viewed by the market.
Which model helps the buyer understand their market strength ?
(a)When new companies enter the market, competition will increase. This is an example of ...
threat of new entrants
threat of potential substitutes
bargaining power of buyers and suppliers
Sources of competitive rivalry
Buyer power influences the prices that suppliers can charge. This pertains to which aspect of Porter's 5 forces?
competitive rivalry
threat of new entrants
bargaining power of buyers and suppliers
threat of potential substitutes
Just in time (JIT) is considered a
pull system
push system
anticipatory based model
an American system
Which method can be used to ensure that the correct quantities of stock are available at all times while avoiding the cost of stockholding?
moving averages methods
JIT
Fishbone diagram
forecasting methods
Value for money is often described in terms of the 4 Es’. Which does not apply here"
efficacy
economy
efficiency
effectiveness
CIPS states that quality reminds that value for money may relate to a few factors. Which one deals with quality ?
Fitness for purpose
lifetime cost
Environmental and sustainability
Risk
Which matrix is used to categorise financial risk and supply risk?
porter's 5 forces
market management matrix
supplier preferencing model
kraljic matrix
Which quadrant in the kraljic matrix you could find 80% in spend ?
leverage
strategic items
bottleneck
nuisance
What two tools is the market management matrix made up of
porter's 5 forces and swot
porter's 5 force & kraljic
kraljic and pestel
kraljic and supplier preferencing model
Poor communication can cause a multitude of issues which can feed into the reasons that a partnership may fail. Which will not apply ?
Lack of understanding of roles
Active Listening
Errors and inefficiencies
Conflict
Which approach will not help a buyers reduce the impact of price fluctuations ?
Working with suppliers on supply chain efficiency projects to remove waste and
reduce costs elsewhere if increases are unavoidable
identifying potential risk areas by identifying which products to source first
identifying potential risk areas by identifying which products or services are the most vulnerable to price increases
Preparing strategies to deal with increases
Who represents represent the biggest threat of resistance ?
supporters
Negative leaders
promoters
silent opponents
This model analyses micro-environmental forces that affect relationships in supply chains. What is it ?
maket management matrix
SWOT
PESTEL
Porter 5 forces
There are many common reasons for termination of contract. Which one is due to the supplier downsizing the number of vendors.
The supplier merges with or is acquired by another company.
supplier rationalisation
The supplier suddenly increases prices with no justifiable reason.
The contract is re-tendered and another supplier can provide a more competitive
offer.
This supplier is viewed and treated as a key partner and is involved in product development.
Type 4 partnership
Type 3 partnership
Type 1 partnership
Type 2 partnership
When the obligations of the contract become impossible to perform as a result of an unforeseen incident beyond either party’s control its called ..
offer and acceptance
consideration
contract frustration
misrepresentation
