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</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</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</p> Signup and view all the answers

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

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

    Why might partnering be particularly useful in restricted markets?

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

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

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

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

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

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