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Free L4M6 Exam Braindumps (page: 12)

Page 11 of 46
PDF with 226 Questions

Which of the following are examples of ways in which businesses can add value? Select THREE that apply.

  1. Through delivering excellent service
  2. Creating a win-win price
  3. Product features and benefits
  4. Reducing customer service levels
  5. Investing in customers
  6. Offering convenience

Answer(s): A,C,F

Explanation:

Adding value involves enhancing customer experience through excellent service, providing differentiated product features, and offering convenience. These align with procurement strategies aimed at driving customer satisfaction and loyalty.



The director of procurement for a global telecommunications firm has segmented their expenditure and has decided to focus on developing relationships with their bottleneck suppliers. Is this the correct process?

  1. No, as there is lots of variety of goods available
  2. No, as there is vast competition
  3. Yes, as there are low costs to switching suppliers
  4. Yes, as there are little or no other options available

Answer(s): D

Explanation:

Bottleneck suppliers often control critical or scarce resources. Developing relationships with these suppliers is crucial to mitigate risks and ensure continuity of supply, per procurement best practices.



A large office orders weekly from a stationery supplier. The items are low-cost, and if the delivery is a day late, it does not affect the running of the office.
Where would this supplier be positioned in a supplier matrix?

  1. Routine
  2. Leverage
  3. Critical
  4. Bottleneck

Answer(s): A

Explanation:

Routine suppliers provide low-value, low-risk items with minimal operational impact. These suppliers are managed with minimal engagement or oversight in a cost-effective manner.



In the Purchasing Portfolio Matrix, a leverage product is a product in a market where it is easy to switch suppliers and the quality is standardized. Is this TRUE or FALSE?

  1. False, the product is in a supply market which is highly complex and the product is of low importance
  2. False, the product is in a supply market which is highly complex and the product is of high importance
  3. True, the product is in a supply market which is of low complexity and the product is of high importance
  4. True, the product is in a supply market which is of low complexity and the product is of low importance

Answer(s): C

Explanation:

Leverage products are characterized by high spend and low complexity, giving buyers the ability to negotiate favorable terms due to supplier competition and standardization.






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