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Question 1

What are the factors that make an Early Supplier Involvement (ESI) project successful? Select the THREE that apply

Options :

A : Increased cost saving

B : Equivocal specifications

C : Shortened time to market

D : Non-disclosure agreement

E : Mutual collaboration

F : Effective cross-functional team

Answer: D,E,F

Question 2

Sandra is a buyer for a large supermarket and has been increasing unhappy with the performance of a longterm supplier of bananas. Over time the deliveries have become unreliable and this has had impacts on the supermarket’s profitability. What should Sandra do first?

Options :

A : Obtain business approval to terminate the contract

B : Develop an exit strategy

C : Review the market and look for an alternative supplier

D : Give written notice to the supplier of plans to terminate

Answer: A

Question 3

Which of the following statements is an advantage to the buyer of early supplier involvement? Select the THREE that apply.

Options :

A : Clarity of roles and responsibilities

B : Shared expertise for problem solving

C : Improved understanding of seller capabilities

D : Lower development costs

E : Low costs of switching suppliers

F : Supplier pre-qualification expertise

Answer: B,C,D

Question 4

Letter 'E' in STEEPLE stands for...? Select THREE that apply.

Options :

A : Ethnical

B : Electronic

C : Emotional

D : Economic

E : Ethical

F : Environmental

Answer: A,D

Question 5

Which of the following are Intellectual Property Rights that you would you encounter in procurement and supply contracts? Select THREE.

Options :

A : Method Statements

B : Risk Assessments

C : Patents

D : Copywrite

E : Trademark

Answer: C,D,E