Partnering Strategy Quiz
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Questions and Answers

Under what circumstances is partnering considered to be most effective?

  • Low-risk, low-value, and technically simple supplies
  • Low-risk, high-value, and technically complicated supplies
  • High-risk, high-value, and technically complicated supplies (correct)
  • High-risk, low-value, and technically simple supplies

What is an example of an industry where partnerships are common due to the high stakes, complex technical requirements, and substantial investments involved?

  • Fast food industry
  • Aerospace or defense industry (correct)
  • Fashion industry
  • Fitness industry

What is the benefit of partnering when procuring new or innovative goods or services?

  • Reducing the need for specialised capabilities
  • Reducing the risk involved (correct)
  • Decreasing the need for collaboration
  • Increasing the level of certainty involved

Which of the following is a potential benefit of partnering in high-risk, high-value, technically complicated supplies?

<p>Access to partner's specialized knowledge and resources (A)</p> Signup and view all the answers

In what circumstance might partnering be a suitable approach for new goods or services?

<p>When there is a need for specialized knowledge or capabilities (D)</p> Signup and view all the answers

What is a potential benefit of partnering in fast-changing technology?

<p>Opportunity for joint research and development (D)</p> Signup and view all the answers

Which of the following is NOT a benefit of partnering in procurement?

<p>Increased competition (D)</p> Signup and view all the answers

What is one way partnering can help organizations navigate rapid technological change?

<p>By pooling resources and knowledge (C)</p> Signup and view all the answers

Why might partnering be particularly useful in restricted markets?

<p>To navigate regulatory challenges (B)</p> Signup and view all the answers

What is one potential risk of forming a partnership in procurement?

<p>Potential disagreements or conflicts (D)</p> Signup and view all the answers

What is a potential benefit of forming a partnership in procurement for new or innovative goods or services?

<p>Possibility of collaborative problem-solving and innovation (A)</p> Signup and view all the answers

What is a potential drawback of forming a partnership in high-risk, high-value, technically complicated supplies?

<p>Limited number of potential suppliers (D)</p> Signup and view all the answers

What is a potential benefit of partnering in fast-changing technology?

<p>Need to stay abreast of the latest technology (C)</p> Signup and view all the answers

What is one potential benefit of partnering in the pharmaceutical industry?

<p>Access to specialized research and development capabilities (D)</p> Signup and view all the answers

What is one way partnering can help organizations stay at the forefront of technology?

<p>Quickly adopt new technologies (B)</p> Signup and view all the answers

What is one potential benefit of partnering in restricted markets?

<p>Ensure access to critical resources or capabilities (C)</p> Signup and view all the answers

What is one potential risk of forming a partnership in procurement?

<p>Failure to deliver the desired benefits (A)</p> Signup and view all the answers

Which of the following is NOT a circumstance where partnering can be most effective in procurement?

<p>Technically simple supplies (D)</p> Signup and view all the answers

What is a potential benefit of partnering in the aerospace or defense industries?

<p>Reducing operational risk (B)</p> Signup and view all the answers

Why might partnering be a suitable approach when procuring new or innovative goods/services?

<p>To reduce uncertainty (D)</p> Signup and view all the answers

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