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?

<p>The procurement community (B)</p> Signup and view all the answers

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

<p>Rewards for supplier's investment (A)</p> Signup and view all the answers

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

<p>If the supplier agrees to appropriate ownership of intellectual property (B)</p> Signup and view all the answers

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

<p>Manufacturing sector (A)</p> Signup and view all the answers

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

<p>Joint ownership of intellectual property (B)</p> Signup and view all the answers

What is the strategic role of the procurement community?

<p>To monitor supplier performance (C)</p> Signup and view all the answers

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