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Partnership should be formed with limited number of suppliers. Which of the following is the tool that assists a buyer in identifying suitable suppliers for developing a partnership relationship?1. Whole life costing (WLC)2. Kraljic's matrix3. RAQSCI model4. Supplier preferencing model 

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?

A hospital awarded a contract to an IT consultancy to build and maintain their payroll and patient information systems. After a successful implementation, problems started to appear, with poor maintenance and accuracy of information, and slow response times from the supplier. After repeated problems, the decision to terminate the contract was agreed. Which of the following would be the priority legal concern for the hospital?

FreezeIT is a big company that sets up refrigeration systems for skating stadiums. It needs a special part for the systems. The procurement manager of FreezeIT finds out that there is only one supplier who makes this part because it has the patent for the technology. Which of the following is right course of action that might help FreezeIT open up the opportunity for new suppliers?

Lee is a procurement manager at Real Pirates Ltd and he has a contract with Peg Leg Industries for the supply of fake, wooden legs for his team of Pirates. Real Pirates Ltd have been working with Peg Leg Industries for almost 10 years but recently Lee has discovered he will need to terminate the contract due to ‘Contract Frustration’. What could be the reason for this?