63. The addition of diversity to the supply base would most likely result in 1.
ID: 367485 • Letter: 6
Question
63. The addition of diversity to the supply base would most likely result in 1. Increased number of suppliers 2. Overall lower costs 3. A more flexible supply base 4. Lower monitoring costs 64. Which of the following best describes how the procurement process will be managed from developing procurement documents through contract closure? 1. Risk management 2. Procurement management plan 3. Organisational process assets 4. Project schedule 65. Which of the following is considered during the plan procurement process? 1. . Whether to procure 2, What and when to procure 3. O How to procure and how much to procure 4. All of the above 66. A sustainable supplier scorecard with emphasis on triple bottom line results would address all the following EXCEPT: 1. People 2. Planet 3. Programs 4. Profit 67. Which of the following are characteristics of a purchase order? 1. A bilateral contract used for low dollar items 2· A unilateral contract used when routine, standard cost items are required 3, A bilateral contract used for high dollar, standard items 40) A unilateral contract used for high dollar, standard items 68. Breach of contract is best described as: 1. Failure by the buyer to perform part or all of the duties of a contract 2. Failure by either the buyer or seller to perform part of all of the duties of a contract 3. Failure by the seller to perform part or all of the duties of a contract 4, None of the aboveExplanation / Answer
The correct answer is 3- A more flexible supply base
Supplier diversity efforts are increasing in almost every business. By adding diversity to the supply base businesses reap the largest benefit through decreased supplier risk, improved financial performance and a strong and flexible supply base.
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