Module B3

Module B3 Assessment

Please Answer All Questions Before Submitting.

It is a requirement, to pass this Module, for you to attempt and submit each assessment.

This quiz will close at 11.59 PM on Friday 7th of April.

Enjoy and Good Luck!

Please write down your personal details below

* First Name :
* Last Name :
* Email Address :

* Please select your SBA from the drop down list below

* Please write down your SBU/ Department in the space provided below

* Q1. What are some benefits you can expect from the development of an effective sourcing strategy?

* Q2. Which of the following is not a key consideration that affects your sourcing approach and requirements

Competition

Core Business

Commercialisation

Policies & Procedures

* Q3. List 3 key considerations that will impact your contract and your contract management approach

* Q4. Which of the following is a benefit of cost modelling?

Provides in-depth information on cost drivers

Easier to manage business

Provision of in depth information on raw materials

Allows for a clear understanding of the value chain

* Q5. Why is it important to have a flexible sourcing approach?

* Q6. Why is it a good idea to request cost parameters from your suppliers? Please select the correct answers

For the purpose of designing good negotiation strategy and tactics

For the purpose of optimising suppliers’ cost structure

Eliminating/ minimising negotiations for product adjustments/ new products

Source out potential rivals

* Q7. Which of the following are key considerations in the contracting approach? Please select the correct answers

Competitions

Rationalisation

Incentives

Relationships

* Q8. Why is it important to establish governance?

* Q9. Which of the following are key components of governance structure? Please select the correct answers

An established category network

A region-centric system

A clear decision making model

A well-structured incentives list

* Q10. How can a buyer encourage supplier innovation collaboration? Please select the correct answers

Cross-functional and cross-cultural approach

Transparency in measuring the innovations

Be rigid with requirements and detail very specific requirements during supplier engagement

Clear governance on the innovation management

* Q11. What are the key steps in stakeholder management process? Please select the correct answers

Identify stakeholders and informed by spend profile

Understand expectations through stakeholder discussions

Develop procurement sourcing strategy

Share sourcing demand levers

* Q12. Comprehensive subcontracting allows for solutions cost to be transferred to the outsourced provider and recovered under the term of the deal

True

False

* Q13. Governance aligns people, processes, and technology towards common goal of reaching sustainable value?

True

False

* Q14. Category strategy can be scored based on two dimensions, i.e. Strategic Alignment and Ease of Implementation

True

False

* Q15. What are the relevant levers to pull if the objective is to minimise efficiencies? Please select the correct answers

Value leakage reduction

Reverse auctions

Volume bundling

Demand management