At which stage of through-life contract management, procurement team needs to identify sources of risk and the ways to mitigate them?

• A.Specification stage
• B.Supplier relationship stage
• C.Tendering stage
• D.Contracting stage

Comment: *

Name: *

Email: *

Verification: *

What does the acronym RAQSCI stand for?

• A.Relationship, Ability, Quality, Service, Cost, Innovation
• B.Regulatory, Availability, Quality, Service, Cost, Innovation
• C.Regulatory, Availability, Quantity, Sustainability, Inventory
• D.Regulatory, Ability, Quality, Service, Cost, Inventory
• E.Relationship, Availability, Quantity, Sustainability, Cost, Innovation

Comment: *

Name: *

Email: *

Verification: *

Which of the following are recognised competitive strategies?
1. Winning new business at all cost
2. Getting more customers' attention
3. Creating stand-out products and brands
4. Focusing on niche market
5. Acquiring competitors

• A.3 and 4 only
• B.3 and 5 only
• C.1 and 2 only
• D.2 and 5 only

Comment: *

Name: *

Email: *

Verification: *

Why should the buying organisation require the supplier to carry out acceptance testing?

• A.To get the approval from the senior management
• B.To check whether the product matches the specification
• C.To compare between the account payables and account receivables
• D.To see whether the supplier engages in unethical business practice

Comment: *

Name: *

Email: *

Verification: *

When procuring a machinery, at which stage buyer must check whether it is working to the stand-ards set out in the design specification?

• A.Installation
• B.Maintenance and repair activities
• C.Customer support
• D.Manufacture

Correct Answer: A

Through-life Management involves the life-cycle management of the products, services and activities required to deliver a fully integrated capability to the customer, while reducing the cost of ownership for the customer.

Source: Andrew Graves
The installation stage occurs in In-Service Operations. At this stage, the machinery is shipped and installed on the buyer's premises and check to ensure that it is working to the standards set out in the design specification.
Reference:
LO 3, AC 3.2

Comment: *

Name: *

Email: *

Verification: *