One of the fist stages of designing a Partnership is to come up with joint KPIs. These should be:
Why is it more difficult for buyers in the public sector to build relationships with suppliers?
Which of the following documents can be used at the selection stage of a tender process to ensure that short listed bidders meet the requirements of the buying organisation? Select TWO.
Which of the following relationship types are characterised by low levels of trust? Select TWO options
Cigarettes and alcohol are often described as having an ‘inelastic price’. What does this mean?
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?
If a stakeholder has high power in a business but isn’t interested in your procurement activity, what should be your management style for dealing with this stakeholder?
The Public Sector in the UK is unable to enter into formal partnership relationships with any supplier. Is this statement TRUE?
Mandy is looking to source windows and doors for a new build apartment block. She has done some initial research and has discovered that there are many suppliers in the marketplace that can supply the items she needs. As it is a high-value project she is thinking of running a formal tender. What should be Mandy’s first step?
Which of the following are possible drivers for partnership sourcing? Select THREE.
Danny is procuring a new IT software, which he doesn’t know much about. He has done a bit of research on the internet but is still unsure how much he can expect to pay. What should be Danny’s next step?
Kinky Boots Ltd provides high heeled shoes in large sizes. Their target market are Drag Queens. There are a couple of rival shoe manufacturers in this market and Kinky Boots Ltd offer the cheapest high heels. What strategy is Kinky Boots Ltd employing in terms of competitive advantage?