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NEW QUESTION 38
What two areas of an organization do the Kraljic Portfolio matrix uses to establish the category of a product or service?
Answer:
Explanation:
The Kraljic Portfolio Matrix shows where a product or services fits into in an organization. It is based on two areas 1) the risk of supply (Risk Impact). 2) Effect it has on profit (cost impact).
NEW QUESTION 39
Which sector most frequently uses invitation to tender?
Answer:
Explanation:
The public sector uses tenders a lot more in the working environment than private sector.
NEW QUESTION 40
Explain which company you would award the contract to base on the weighted score card in table below.
Answer:
Explanation:
A weighted score card is a tool with a systematic and a fair process for selecting supplier, based on predetermined criteri a. This tool can help make the decision by presenting a fair display of how all suppliers did in the process. The values of these weights are based on their importance. The supplier with the highest score card is considered the most suitable to be awarded the contract.
In the table above, cost is considered more than all other criteria. Contract length is the lowest which is weighted 2 Base on the weighted score card as presented above, company B scored 78 while company A and company C scored 65 and 63 respectively.
Company A, having scored the highest (78) should be awarded the contract.
*
Refer to the question column for response
NEW QUESTION 41
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