The Kraljic Model is most useful for which aspect of procurement?

• A.category management
• B.cost analysis
• C.risk management
• D.cost reduction

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Which of the following are possible drivers for partnership sourcing? Select THREE.

• A.The protection of intellectual property rights
• B.The marketplace has become more volatile
• C.Working together will create synergies
• D.The need to improve performance to satisfy the end customer

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Partnership relationships are long-term relationships without a defined end period. Is this statement TRUE?

• A.No- partnerships should have end dates so both parties have a way out if things don't work out
• B.No- partnerships have end dates as they are contractual relationships
• C.Yes-partnerships do not have end dates because they involve significant investment
• D.Yes- partnerships do not have end dates because there is never a contract involved

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Tim manages the procurement department at a large retailer. He wants to ensure that his team are achieving value for money in their procurement activities. Which of the following should Tim set up?

• A.ITT
• B.Audit
• C.Framework
• D.Contract

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A 'synergy' within a partnership can lead to what?

• A.Poor performance
• B.Increased costs
• C.Miscommunications
• D.Greater creativity

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