L4M2 Exam Question 91
You are a senior buyer in a large manufacturing company. The engineering team is looking for a product that will assist them in a new innovative project. The technology is evolving and the product supplied is likely to be bespoke to the supplier. You are suggesting the use of a performance specification as a part of the tender. What is the main reason for this?
L4M2 Exam Question 92
Which of the following is a potential driver of change in the manufacturing industry to help reduce costs and increase efficiency?
L4M2 Exam Question 93
A company has a lists of items that make up 15% of total spend. These items also do not largely impact on quality of final product. The supply continuity is secured. Which of the following will be the most appropriate managing approach to purchase these items?
L4M2 Exam Question 94
Would economies of scale be a barrier to entry for potential new entrants to a market?
L4M2 Exam Question 95
OMK is a Russian steel firm that is expanding market abroad. It plans to build a steel plant in a foreign country. Due to intricate technical requirements, the plant design will be very complex. Procurement department or technical department alone cannot draft the specification. OMK senior management decides that this task must be treated as a project. Which of the following should be done before writing the specification for new steel plant?

