Online Access Free L5M6 Practice Test

When implementing procurement projects, it is important for Category Managers to consider the "human side" of change. Why is this?

• A.Ignoring stakeholders' feelings may result in rework or a poor result
• B.A change cannot be made without buy-in from everyone
• C.Everybody is resistant to change
• D.Change will always bring about a positive result

Joan is a Category Manager at a packaging plant. She is creating a profile of the category she manages in order to identify the spend category. By obtaining data on her Category, which of the following will Joan be able to do?

• A.Benchmarking
• B.Competitive supplier selection
• C.Prepare projections and budgets for the future
• D.Find alternative suppliers

Joe is a Category Manager at an automobile company. Which of the following would be the best way to decide on categories in this industry?

• A.Alphabetically
• B.By part
• C.By spend
• D.By supplier

Which of the following approaches to cost is the least transparent?

• A.Price management
• B.Cost down
• C.Price acceptance
• D.Cost out

At which stage in the Procurement Cycle can most value be added?

• A.Review
• B.Specify requirements
• C.Supplier selection
• D.Negotiate and award contract