FreezeIT is a big company that sets up refrigeration systems for skating stadiums. It needs a special part for the systems. The procurement manager of FreezeIT finds out that there is only one supplier who makes this part because it has the patent for the technology. Which of the following is right course of action that might help FreezeIT open up the opportunity for new suppliers?

Tesco and Carrefour are two major supermarket chains in Europe. They have formed a long-term relationship

in which both parties will work together and avail the most of their collective product expertise and sourcing

capability. They hope that the agreement enables them to make significant procurement savings in the

whole goods not for resale sector, such as spend on temporary staff, logistics and distribution, store fit-out,

marketing, HR services and IT. The two companies still remain independent from each other in term of

business strategies. Which of the following is the relationship type that Tesco and Carrefour have

established?

An IT company is developing and launching a new product to the market. The project requires experts from different divisions of the business. What type of team should run this project?

Hourway wants to partner with a supplier that can deliver goods on demand as part of a just-in-time (JIT) system. Which of the following must be included in the contract? Select TWO that apply.

Richie has come up with a new idea for sourcing items for the business but feels that it will have mixed reviews within the team. He thinks that some people will be in favour of the idea, and some will beagainst it. He doesn’t think the CEO will have a strong opinion either way. In order to decide whether to put a business case together and present his idea to the CEO- what should Richie do?