1.
CEO Research states that there are 6 competencies which drive strategic performance in Procurement. The ability to stay calm under pressure and handle criticism is which of the following competencies?
2.
CEO Research states that there are 6 competencies which drive strategic performance in Procurement. The ability to stay calm under pressure and handle criticism is which of the following competencies?
3.
Cycle Crazy is a leading manufacturer of bicycles. Which of the following would be considered direct costs for this organization? Select TWO.
4.
Robert works for an online retailer and has recently completed a Pareto analysis of common issues customers face. He has discovered that of the 10 most common reasons for complaint, the top two reasons are issues with the website and errors in product codes. James will present his findings to senior management. However, he is aware that there are some weaknesses to conducting a Pareto analysis. Which of the following are true? Select TWO.
5.
Boris Inc. requires raw materials to be delivered from suppliers. One particular ingredient has high supply risk, and the strategy of the company is to hold inventory as a contingency. Which type of item is this?
6.
Fidel is a Category Manager within a large agricultural company that has 10 categories. He believes that the category with the largest spend (in £) is the most important category to the business. Is he correct?
7.
Bob is a potato farmer from Devon. He sells his potatoes to many local customers, including restaurants, wholesalers, and manufacturing firms that produce chips and crisps. For one customer, Bob is keen to drive a premium price for his potatoes as he is confident the customer can afford to pay a higher price. What type of customer is this to Bob?
8.
When using the Kraljic Matrix to analyze the category of items, which of the following categories does Kraljic recommend be further analyzed in conjunction with a comparison of the buyer's strength vs. supply market strength?
9.
A "should cost" analysis and value analysis can be completed on items procured by a buyer. Which of the following categories of spend are these tools most applicable for?
10.
What is a "black swan" event?
11.
Which of the following are potential consequences for an organization that fails to identify and address risks? Select TWO.
12.
Porter's Five Forces is a useful tool to analyze key factors that affect the marketplace and determine the profitability of organizations within that market. Which of the following is NOT one of the forces?
13.
Polygon Ltd is a buyer of components. Jeff, a Category Manager at Polygon, is analyzing buyer strength in the marketplace, which will help him determine his procurement strategy for the next year. Which of the following would increase buyer strength?
14.
What name is given to an item or business that has both low market share and low growth?
15.
Which of the following BCG matrix quadrants is also known as "problem child"?
16.
According to studies completed by Reeves, Moose, and Venema in 2014, which of the following was proven to be true with regard to the BCG matrix?
17.
Which of the following parts of a SWOT analysis summarize activities and characteristics that are internal to the business? Select TWO.
18.
Which of the following forms of historical data can be used to inform Category Management expenditure? Select THREE.
19.
These are three types of forecasting used in Category Management that require data. Which from the list below is NOT a type of forecasting used in Category Management?
20.
nalytics Data can be used in Category Management forecasting. Which of the following would be a form of Analytics Data?
21.
Under what circumstances should forecast data be amended? Select THREE.
22.
The sale of ice cream, bikinis, and sunglasses usually follows which demand pattern?
23.
What is contract leakage?
24.
XYZ Ltd is a manufacturer of hi-tech IT equipment and operating in an industry which is set to grow substantially over the next 10 years. What type of industry could this be described as?
25.
Of the following four types of industries, which has the lowest barriers to entry?
26.
new supplier to a marketplace is using break-even pricing to determine the price at which to sell a product. Which of the following does this type of pricing structure NOT consider? Select TWO.
