9 Questions
What are the steps involved in entering into a cooperation with a new supplier?
Needs analysis, procurement market analysis, derive procurement strategy, supplier analysis and selection, implementation.
Why is it not good to be dependent on first tier suppliers?
Dependence weakens cost control, reduces ability to keep pace with technological developments and shifts in demand, difficult to ensure that suppliers operate in a social and environmental environment, less control over costs, less insight into technological developments, less access to market information, less control over sustainability.
In what situation would should costing not be worthwhile?
When ordering from a monopolist (our supplier), because then we don't have negotiation power. It is only worthwhile if we are in a relatively powerful position.
What does should-cost analysis mean?
Preventing loss of cost control in module sourcing by deeply analyzing the product to figure out how much the production of this module really costs our supplier.
Which step should be taken first when entering into a cooperation with a new supplier?
Needs analysis
What is one disadvantage of being dependent on first tier suppliers?
Reduces ability to keep pace with technological developments
When is should-cost analysis not worthwhile?
When ordering from a monopolist
What does it mean to conduct a procurement market analysis?
Identify potential suppliers and analyze their capabilities
Why is it important to have control over sustainability in supplier relationships?
To operate in a social and environmental environment
This quiz will test your knowledge on the steps involved in establishing a cooperation with a new supplier. From needs analysis to supplier selection and implementation, learn about the importance of each step in the procurement process. Additionally, discover why being dependent on first-tier suppliers can have negative impacts on cost control, technological advancements, and adapting to shifts in demand.
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