Guillerme is a Category Manager within the procurement department of a Manufacturing company. In his Category there are 200 items he procures, and he has recently undertaken an ABC analysis of these. Which of the following items would be C category items?
Answer(s): C
The C category is the 'tail spend' - it represents a large number of suppliers of small value items. I recommend giving this a read ABC Classification & ABC Method | CIPS
GDP is an economic index that a procurement professional can use to measure economic dat
Answer(s): B
GDP = gross domestic product = "the monetary value of goods and services manufactured or sup- plied in a financial period". People use it to say whether a country's economy is strong or weak. Stock markets look at the value of public limited companies within a country. Commodity indices look at the value of commodities such as steel, oil and wheat at a point in time Average changes in price over a year can be measured by CPI or PPI
FTSE100 and Sensex are examples of what?
Answer(s): A
they are stock markets.What is the FTSE 100 Index? Complete Beginner's Guide (moneycheck.com) BSE SENSEX Wikipedia
If a commodity index shows that the price of a commodity is continually rising, what does this indicate about the market?
The correct answer is 'demand is exceeding supply'- If everyone wants to buy something, the sup- pliers will likely increase the price.If there was little demand or there were threats of substitutions, this would likely result in a price decrease.
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