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L4M1 Sample Questions Answers

Questions 4

Sarah has recently been hired as the new Head of Procurement at Alpha Ltd, a manufacturer of small electronics such as hairdryers and alarm clocks. Alpha Ltd has a large factory based in Birmingham where many of the products are manufactured. One of the large pieces of machinery in the factory has recently broken and Sarah has been charged with replacing it as quickly as possible. Sarah is considering using the Whole Life Costing approach to this procurement. What is meant by Whole Life Costing? (5 points). Discuss 5 factors that Sarah should consider when buying new machinery (20 points).

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Questions 5

Describe the four main ways that a Public Sector organisation can procure goods or services (25 points)

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Questions 6

What is ‘supply chain management’? Outline the drivers, advantages and disadvantages of using this approach within the Procurement Department of an organisation (25 points)

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Questions 7

In the supplier selection part of the Procurement Cycle, what criteria can a Procurement Manager use to ensure they award to the best supplier? (25 points)

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Questions 8

What is a P2P system (5 points)? Explain the impact that using IT systems can have on the way the Procurement department of an organisation functions (25 points).

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Questions 9

Provide a definition of a stakeholder (5 points) and describe 3 categories of stakeholders (20 points).

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Questions 10

Describe the key drivers for organisations who operate in the public, private and third sector (25 marks)

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Questions 11

What is a Public Sector organisation and what are the main objectives of organisations in the Public Sector? (25 points)

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Questions 12

What is an electronic system? Describe the following: e-requisitioning, e-catalogues, e-sourcing, e-payment technologies (25 marks)

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Exam Code: L4M1
Exam Name: Scope and Influence of Procurement and Supply
Last Update: Jul 13, 2024
Questions: 40
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