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L5M6 Category Management - paper *10.
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1.
On the BCG Matrix, what is a cash cow?
2.
Burgers is a chain of restaurants with operations in Zimbabwe and Botswana. One of its suppliers holds a monopoly in the marketplace, but the item they provide to Burgers is of low cost. According to the Kraljic matrix, which type of item does this supplier provide to Burgers?
3.
"Survival of the fittest" is a concept used in supplier relationships - which of the following does it describe?
4.
What form of procurement is Category Management?
5.
Joe is a Category Manager at an automobile company. Which of the following would be the best way to decide on categories in this industry?
6.
What is the purpose of a Category Board?
7.
What are the THREE main enablers of successful Category Management?
8.
Total Cost of Ownership is an important consideration in Category Management. Steve is a new Category Manager at a manufacturing firm and his Category is responsible for sourcing cap-ex items to help in the manufacturing process such as machine parts and IT systems. Which of the following should Steve consider as part of TCO for his Category? Select THREE
9.
In A T Kearney's 7 Step Model of strategic sourcing, which of the following should be done first?
10.
What can the IACCM help a Category Manager with?
11.
Albert Ltd is a manufacturer of vegan frozen food. It has been operating in the industry for 5 years. In years 1-3 it saw significant growth in its market share, but for the past 2 years market share has stayed more or less the same, despite there being no new entrants to the marketplace. Which stage in the Lifecyle is the vegan frozen food market?
12.
Peak Pricing, is also known as what other type of pricing model?
13.
In which section of a balance sheet would you find the term 'goodwill'?
14.
Which of the following can be universally used to group categories for Category Management within an organisation?
15.
Servers, Hardware and Licences are items which may be found in which category of spend?
16.
A category which includes raw materials required for manufacturing of cars in large quantities and high volumes is often known as what?
17.
Which of the following are benefits of Category Management? Select THREE.
18.
Joe is a Category Manager at XYZ Logistics. He is putting together a Category Plan. Which of the following sections should he include? Select THREE.
19.
Category Strategy Development is composed of 4 key stages. Which of the following is the correct order for Category Strategy Development?
20.
In Category Management, often a small number of categories can be responsible for a large proportion of spend. What is this principle commonly known as? Select TWO
21.
In Category Management, which of the following Models can be used for creating a step-by step plan for Strategic Sourcing?
22.
Chris is a Category Manager at a packaging plant in Birmingham, UK. Her company creates and supplies different forms of packaging to manufacturers in the food and retail sectors. She is creating a Profile of the Category she manages in order to identify the spend category. By obtaining data on her Category, which of the following will Joan be able to do?
23.
Kaizen' is a Japanese term used frequently in the manufacturing industry. What does it refer to?
24.
At which stage in the Procurement Cycle can most value be added?
25.
In Category Management, which is the best way to group materials and / or services?
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