L4M7 Exam Question 56
A procurement manager has agreed a contract for the acquisition of a piece of capital equipment and has negotiated a staged payment contract of 30% with order, 30% on delivery, and the remaining 40% on acceptance testing. Was this the right thing to do?
L4M7 Exam Question 57
A buyer has been asked to support the chief procurement officer with a whole-life cost analysis. What is the key benefit of a cross-functional team for the development of a whole-life costing model?
L4M7 Exam Question 58
In order to control the costs of holding inventory, the manager has decided to install CCTV cameras in the warehouse. This will help to deter potential pilferage (theft) by the warehouse operatives. Is this the correct way of managing costs of holding inventory?
L4M7 Exam Question 59
A warehouse manager is evaluating the use of Automated Guided Vehicles (AGVs) within a non-repetitive task environment. After reviewing their use, the manager decided to invest in a number of AGVs. Was this decision correct?
L4M7 Exam Question 60
Which of the following would be considered independent demand items of stock for a supplier that is manufacturing laboratory imaging equipment? Select TWO that apply.
* Office consumables for the organization
* Raw materials required for production
* Machinery spares for the production lines
* Completed finished goods
* Energy consumption for the organization
* Office consumables for the organization
* Raw materials required for production
* Machinery spares for the production lines
* Completed finished goods
* Energy consumption for the organization