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L5M6 Category Management - paper *19.
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1.
What’s the purpose of a Category Board?
2.
What are the THREE main enablers of successful Category Management?
3.
Tal Cost of Ownership (TCO) is an important consideration in Category Management. Steven 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 Steven consider as part of TCO for his category? Select THREE.
4.
In AT Kearney's 7 Step Model of strategic sourcing, which of the following should be done first?
5.
What can the IACCM help a Category Manager with?
6.
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 on the lifecycle is the vegan frozen food market?
7.
Peak pricing is also known as what other type of pricing?
8.
In which section of a balance sheet would you find the term “goodwill”?
9.
Which of the following can be used to group categories for Category Management within an organization?
10.
Servers, hardware, and licenses are items which may be found in which category of spend?
11.
A category which includes raw materials required for manufacturing cars in large quantities and high value is often known as what?
12.
Which of the following are benefits of Category Management? Select THREE.
13.
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.
14.
Category Strategy Development is composed of a few stages. Which of the following is the correct order for Category Strategy Development?
15.
In Category Management, often a small proportion of spend is responsible for a large proportion of impact. What is this principle commonly known as? Select THREE.
16.
In Category Management, which of the following models can be used for creating a step-by-step plan for Strategic Sourcing?
17.
Chess 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 she be able to do?
18.
'Kaizen' is a Japanese term used frequently in the manufacturing industry. What does it refer to?
19.
At which stage in the Procurement Cycle can most value be added?
20.
In Category Management, what is the best way to group materials and/or services?
21.
Category Management and 'Strategic Sourcing' are terms that are interchangeable. Is this correct?
22.
Sean is a Procurement Specialist within the Construction Category of a large organization. He is responsible for a sub-category of work which includes procuring skilled labor for work within the construction industry. Sub-categories can also be known as what within a Category?
23.
Which of the following is an example of a supply chain risk? Select TWO.
24.
Rod Black is a Procurement Manager and is completing a risk assessment on his supply chain. He is using a matrix which categorizes the likelihood and severity of risks on a scale of 1-5. He has identified that one particular risk has a score of 2. Which category of risk would this fall into?
25.
The objective of negotiation with a supplier is to ensure the Five Rights of Procurement. Which of the following are part of the Five Rights? Select THREE.
26.
Which of the following are key components to the success of a CFT (Cross-Functional Team)? Select TWO.
27.
Which of the following form part of Cialdini's 7 Principles of Persuasion? Select THREE.
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