Free L4M6 Mock Exam – Practice Online Confidently

A company supplies IT equipment and buys most of its components from first-tier suppliers in the UK. It wants to analyse its supply market to develop the supply chain and is going to review the main factors that have an influence. The company wants to use the STEEPLED external environmental analysis framework to achieve the best result. Which of the following STEEPLED factors is most likely to have the greatest effect? 

Tesco and Carrefour are two major supermarket chains in Europe. They have formed a long-term relationship

in which both parties will work together and avail the most of their collective product expertise and sourcing

capability. They hope that the agreement enables them to make significant procurement savings in the

whole goods not for resale sector, such as spend on temporary staff, logistics and distribution, store fit-out,

marketing, HR services and IT. The two companies still remain independent from each other in term of

business strategies. Which of the following is the relationship type that Tesco and Carrefour have

established?

The ABC Analysis, also known as the Pareto Analysis, is a technique that can be used by procurement to which purpose? 

A partnership approach to a buyer-supplier relationship, as opposed to a traditional adversarial approach, would have which of the following characteristics?

What are the processes that enable an organisation to keep improving continuously? Select TWO that apply.