Confidently Practice Online with Free L4M6 Exam Cram

The Managing Director of XYZ Ltd has asked the Procurement Manager to support the engineering team and

ensure a new product design is suitable for volume manufacturing. The Procurement Manager arranged a

series of meetings with suppliers and its internal development team, the XYZ manufacturing department, and

research and development department to get their feedback on the proposed design. What are the activities

undertaken by XYZ Ltd called?

Early supplier involvement

Benchmarking

Cross-organisational involvement

Subcontracting

An IT company is developing and launching a new product to the market. The project requires experts from different divisions of the business. What type of team should run this project?

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?

Which of the following is a characteristic of a traditional contracting agreement? 

XYZ Ltd and MNC Ltd are aiming at forming a partnership relationship. Both parties realise that their drivers are strong and external market factors are favourable for a partnership. However, XYZ procurement manager raises a concern that the benefits gained from partnership can be distributed unevenly. In the past, this issue led a partnership failure for XYZ Ltd. Regarding XYZ procurement manager's concern, which of the following should be a priority action of these two companies?