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Supplier Performance Improvement

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Questions and Answers

Which sector of the economy faces competitive challenges from off shore organizations?

Agriculture

Manufacturing (correct)

Services

Healthcare

What role does the procurement community have in motivating suppliers?

Strategic role (correct)

Administrative role

Support role

Operational role

What can incentivize the performance of suppliers on long-term contracts?

Recognition awards

Financial penalties

Contract termination

Investment in new technology (correct)

Which organization has a strategic role in motivating suppliers to improve their performance?

The procurement community Signup and view all the answers

What can incentivize suppliers to improve their performance on long-term contracts?

Rewards for supplier's investment Signup and view all the answers

Under what condition would the buying organization invest in new technology?

If the supplier agrees to appropriate ownership of intellectual property Signup and view all the answers

Which sector of the economy may face competitive challenges from off shore organizations?

Manufacturing sector Signup and view all the answers

What can be used to incentivize the performance of suppliers on long-term contracts?

Joint ownership of intellectual property Signup and view all the answers

What is the strategic role of the procurement community?

To monitor supplier performance Signup and view all the answers