RC Inc manufactures a range of high quality caravans in Europe. These caravans use several types of

equipment for the supply of electricity, gas and water. The technical equipment is sourced from well-known

brands which supply all other caravan manufacturers. With RC Inc benefiting from the positive sales

environment, output has risen by 20% over three years and projections indicate a further 15% increase in

the next three years. However, the financial director has recently flagged up concerns regarding falling gross

and net margins. The procurement manager has pointed out that the cost of materials for the branded

electrical, gas and water equipment is rising. Which of the following should be priority action of RC

procurement function?

Stephen Jones is assessing the relationships he has with his supplier base. Which of the following would be drivers for Stephen to adopt a partnership relationship with a supplier? 

Which of the following is a key feature of a restricted tender? 

The CEO of a business has asked his procurement manager to source new machinery for the factory. This machinery will help create a new line of products which will give the company a competitive edge. The CEO is heavily invested in this procurement activity as profits have been lower than expected this year and this new line of products could help increase profitability. How should the procurement manager include the CEO in the procurement activity?

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.