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1. What is a disadvantage of including qualitative KPIs into a contract?

2. Stephen Jones is assessing the relationships he has with his supplier base.

Which of the following would be drivers for Stephen to adopt a partnership relationship with a supplier?

3. In a monopoly market, which of the following statements is true?

4. In the STEEPLED framework, which of the following is an economic factor?

5. Kyle Grant is a procurement director at ATSS Ltd and has introduced a new policy within the procurement function. The policy requires the procurement function to obtain quotations from multiple suppliers if a contract is worth over £10,000.

What is the primary aim of this policy?

6. Fashion buyer Kamal Sumai is working closely with a key overseas supplier and is monitoring and forecasting cost volatility within the fabric market. Kamal has decided it is the right time to raise a purchase order with his supplier for a greater quantity of fabric than he currently needs. Kamal is attempting to avoid an imminent price increase.

What is this tactic known as?

7. Richie has come up with a new idea for sourcing items for the business but feels that it will have mixed reviews within the team. He thinks that some people will be in favour of the idea, and some will beagainst it. He doesn’t think the CEO will have a strong opinion either way.

In order to decide whether to put a business case together and present his idea to the CEO- what should Richie do?

8. 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?

9. Partnership sourcing is often considered a ‘high-risk’ strategy for a buyer.

Which of the following is not a risk generally associated with partnership sourcing?

10. Which of the following are not stages of team development? Select TWO.

11. A partnership between a software development company and a software supplier has recently been created.

In order for the partnership to be successful, what is a critical action to take in the early stages of their relationship?

12. Tim manages the procurement department at a large retailer. He wants to ensure that his team are achieving value for money in their procurement activities.

Which of the following should Tim set up?

13. Togo Bongos is a manufacturer of percussion instruments, in particular of bongo drums. It requires electricity to run its factories and this is a major factor of cost impact. There are lots of suppliers of electricity in the market and there is no switching costs if Togo Bongos wanted to switch suppliers.

What type of supplier is Togo Bongo's electricity supplier?

14. Rivalry between suppliers is more likely to be intense in which of the following situations?

15. Why is it more difficult for buyers in the public sector to build relationships with suppliers?

16. David is sourcing a new cleaning contract as he is not impressed with his current cleaning company’s performance. He believes that his current supplier has been overcharging him, and due to budget cuts, he is keen to secure a lower price than what he is paying now. His Manager has suggested using an e-auction as the procurement method.

Is this the correct way forward?

17. What are the relationship characteristics of a Partnership?

18. Which of the following are value-added benefits? Select THREE that apply.

19. Which one of the following is an advantage of early supplier involvement?

20. When a large organization partners with a small supplier to develop new technology, it is necessary for regular communication. Is this statement true?