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Q: 1
[Relationship approaches and the sourcing process] In public sector procurement, tenders are advertised with CPV codes, which provide a reference to describe the product or service being tendered. What does CPV stand for?
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Q: 2
[Relationship approaches and the sourcing process] A manufacturing company which produces showers struggles to get hold of a certain part called a mixer valve. It is impossible to make the showers without the mixer-valve and there is only one supplier in the market that produces them. The good news is they aren't very expensive to buy. What type of supplier is the supplier of mixer valves?
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Q: 3
[Performance and conflict in supplier relationships] When a large organization partners with a small supplier to develop new technology, it is necessary for regular communication. Is this statement true?
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Q: 4
[Contractual approaches in supplier relationships] Sugar Doughnut Ltd has a jam supplier that they have used successfully for over ten years. They have made investments in the supplier’s factory to support them with capital equipment upgrades in return for cost reduction on jam. The two companies also collaborate on bids for large supermarkets when looking to supply doughnuts and work together on quality improvements. No contracts exist between the two companies. Could this relationship be said to be a partnership relationship?
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Q: 5
[The dynamics of supply chains] When using competitive forces theory, suppliers are powerful in which of the following situations? Select THREE that apply.
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Q: 6
[Relationship approaches and the sourcing process] A restricted market is a market where there are only a small number of capable and competent suppliers. Which of the following is not a reason for a marketplace to be restricted?
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Q: 7
[Contractual approaches in supplier relationships] A law firm is ending an agreement with a client they have represented for many years. What is the most important legal consideration to be taken before terminating?
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Q: 8
[The dynamics of supply chains] In the 1990s, a manufacturer of portable music players partnered with a mini-disk producer. The aim of the partnership was to reduce the size and cost of the devices and enhance flexibility. Sales of the product after launch were low due to a competitive launch of small digital players, which offered better flexibility to customers at a comparable price. The partners suffered substantial loss and never recovered the investment. In order to mitigate the risk described, what should both partners have considered before investing in the product? Select the TWO that apply.
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Q: 9
[Relationship approaches and the sourcing process] Gabriel is a procurement manager who wishes to explore a new avenue to procure products for his company. His manager has told him that he should invite internal stakeholders to a meeting to get their feedback. Who should Gabriel invite? Select THREE.
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Q: 10
[Contractual approaches in supplier relationships] What is a disadvantage of including qualitative KPIs into a contract?
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