NEW QUESTION 16
Which of the following industries is the only one that does not have a specific SIC code?

NEW QUESTION 17
Penelope works for an international manufacturer. Which categories are most likely to be outsourced?

NEW QUESTION 18
Tulipa Ltd is a manufacturer of vegan frozen food. It saw significant market growth for three years, but in the last two years market share has remained stable despite no new entrants. Which stage in the lifecycle is the vegan frozen food market?

NEW QUESTION 19
Callie is a Category Manager at a car parts manufacturer. She discovers through a SWOT analysis that many other customers are increasing short-term demand for raw materials. Which category does this fall under?

NEW QUESTION 20
Jonah is a Procurement Specialist responsible for a sub-category of work which includes procuring skilled labour for construction. Sub-categories can also be known as what within a Category?

NEW QUESTION 21
SIC codes are sets of four-digit codes used to classify what?

NEW QUESTION 22
ABC Ltd is a manufacturer of hi-tech IT equipment and is operating in an industry set to grow substantially over the next 10 years. What type of industry could this be described as?

NEW QUESTION 23
Frankie Burgers operates in the UK and USA. One supplier holds a monopoly, but the item supplied is low cost. According to the Kraljic Matrix, which type of item is this?

NEW QUESTION 24
‘Kaizen’ is a Japanese term used frequently in the manufacturing industry. What does it refer to?

NEW QUESTION 25
Randoxx Ltd is a manufacturing company which has four main categories of expenditure:
* Category 1: The market of this category is highly innovative and has rapidly changed over the past five years. There are many suppliers who provide similar products at similar price points.
* Category 2: This category of spend is for highly specialised products and it is important to Randoxx that the products are carbon neutral. Because of this, there is a reduced number of suppliers who provide products to this category and Randoxx has little influence over the price that they pay.
* Category 3: This category of spend is for natural resources which are only found in very few parts of the world. Because of this Randoxx imports all of these items from one country abroad and currency fluctuations have a huge impact on the profit margin of this category spend.
* Category 4: This is a highly technical product which has a patent. It is used in the creation of laptops and phones and it would be impossible to make these with a different product. Due to the growing population Randoxx forecasts that demand for this product will increase.
Task:
Complete the table below by identifying each category’s Porter’s Force driver and STEEPLE factor challenge. Each response should be used only once.

NEW QUESTION 26
Jam Incorporated requires raw materials to be delivered from suppliers. One particular ingredient is a high supply risk and the strategy of the company is to hold inventory as a contingency. Which type of item is this?

NEW QUESTION 27
In Category Management, which is the best way to group materials and/or services?

NEW QUESTION 28
Which of the following approaches to managing cost, common in Category Management, results in the most reduced costs from suppliers and increased value?

NEW QUESTION 29
Which category of spend item would be most suitable to purchase through an e-auction?

NEW QUESTION 30
Which of the following approaches to cost is the least transparent?

NEW QUESTION 31
Which of the following is an example of a supply chain risk? Select TWO.

NEW QUESTION 32
The process of designing a product with a trusted supplier in order to eliminate costs that may appear at the delivery stage is known as which cost management strategy?

NEW QUESTION 33
Why would a company use a Technology Roadmap?