Procurement Management

Linking supply strategy to corporate strategy is: (Points : 1)

essential only in manufacturing, and most have the mechanisms to link them..

essential only in the service sector, and most lack the mechanisms to link them.

essential in all organizations, and most have the mechanisms to link them.

essential in all organizations, and many lack the mechanisms to link them.

non-essential in most types of organizations.

To effectively manage supply risks, the supply manager must: (Points : 1)

inform the corporate risk officer of a potential risk, await instructions, and implement the directive.

seek input from senior executives in other functional areas, propose a risk mitigation plan, and await instructions from senior management.

identify and classify risks, assess the potential impact, and develop a risk mitigation strategy.

review the commodity strategy, revise it as needed, and implement the strategy revision.

confer with the organization’s management consultant, provide all requested data, and implement the consultant’s plan.

Supply’s contribution to the organization’s competitive position depends on its ability to: (Points : 1)

reduce costs.

enhance revenues.

manage assets.

a and c.

a, b and c. 

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