L4m4 chapter 2 - Study guides, Class notes & Summaries
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L4M4 - Chapter 2 Exam Questions And Answers
- Exam (elaborations) • 10 pages • 2024
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L4M4 - Chapter 2 Exam Questions And Answers 
 
How does the Pareto Principle differ to the ABC Analysis? - ANS Instead of the Pareto 80/20 split, the figure splits the suppliers into three categories. 'A', 'B', 'C'. They are categorized according to their levels of importance/spend to the buying organization. 
 
Figure 2.1 : 
'A' suppliers represent 20% of the total spend (these suppliers are responsible for the highest level of spend, most important). 
'B' suppliers are collecti...
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L4M4 - Chapter 2 Questions and Answers 100% Pass
- Exam (elaborations) • 18 pages • 2024
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L4M4 - Chapter 2 Questions and Answers 100% Pass 
How does the Pareto Principle differ to the ABC Analysis? - Correct Answer ️️ -Instead 
of the Pareto 80/20 split, the figure splits the suppliers into three categories. 'A', 'B', 'C'. 
They are categorised according to their levels of importance/spend to the buying 
organisation. 
Figure 2.1 : 
'A' suppliers represent 20% of the total spend (these suppliers are responsible for the 
highest level of spend, most important). 
'B' supp...
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L4M4 - Chapter 1 Questions and Answers Graded A+
- Exam (elaborations) • 25 pages • 2024
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L4M4 - Chapter 1 Questions and 
 
Answers Graded A+ 
 
What is Tactical sourcing? Low level decision making 
High profit, low risk items 
Short term projects 
Transactional relationships 
 
What is Strategic sourcing? Top level decision making 
High profit, high risk items 
Long term projects 
Collaborative relationships 
 
What factors typically represent value to the procurement organisation when sourcing? Price, 
Delivery, Quality, Ethics, Sustainability, Availability 
 
Novack and Simco's 1...
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L4M4 - Chapter 2 Questions and Answers 100% Pass
- Exam (elaborations) • 18 pages • 2024
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L4M4 - Chapter 2 Questions and Answers 100% Pass 
How does the Pareto Principle differ to the ABC Analysis? - Correct Answer ️️ -Instead 
of the Pareto 80/20 split, the figure splits the suppliers into three categories. 'A', 'B', 'C'. 
They are categorised according to their levels of importance/spend to the buying 
organisation. 
Figure 2.1 : 
'A' suppliers represent 20% of the total spend (these suppliers are responsible for the 
highest level of spend, most important). 
'B' supp...
-
L4M4 - Chapter 2 Questions and Answers 100% Pass
- Exam (elaborations) • 18 pages • 2024
-
- $12.49
- + learn more
L4M4 - Chapter 2 Questions and Answers 100% Pass 
How does the Pareto Principle differ to the ABC Analysis? - Correct Answer ️️ -Instead 
of the Pareto 80/20 split, the figure splits the suppliers into three categories. 'A', 'B', 'C'. 
They are categorised according to their levels of importance/spend to the buying 
organisation. 
Figure 2.1 : 
'A' suppliers represent 20% of the total spend (these suppliers are responsible for the 
highest level of spend, most important). 
'B' supp...
And that's how you make extra money
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L4M4 - Chapter 2 Exam Questions And Answers (Verified And Updated)
- Exam (elaborations) • 13 pages • 2024
- Available in package deal
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- $12.49
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L4M4 - Chapter 2 Exam Questions And 
Answers (Verified And Updated) 
How does the Pareto Principle differ to the ABC Analysis? - answerInstead of the Pareto 
80/20 split, the figure splits the suppliers into three categories. 'A', 'B', 'C'. They are categorised 
according to their levels of importance/spend to the buying organisation. 
Figure 2.1 : 
'A' suppliers represent 20% of the total spend (these suppliers are responsible for the highest 
level of spend, most important). 
'B' sup...
-
L4M4 - Chapter 2 Exam Questions And Answers (Verified And Updated)
- Exam (elaborations) • 13 pages • 2024
- Available in package deal
-
- $12.49
- + learn more
L4M4 - Chapter 2 Exam Questions And 
Answers (Verified And Updated) 
How does the Pareto Principle differ to the ABC Analysis? - answerInstead of the Pareto 
80/20 split, the figure splits the suppliers into three categories. 'A', 'B', 'C'. They are categorised 
according to their levels of importance/spend to the buying organisation. 
Figure 2.1 : 
'A' suppliers represent 20% of the total spend (these suppliers are responsible for the highest 
level of spend, most important). 
'B' sup...
-
L4M4 - Chapter 2 Questions and Answers 100% Solved correctly
- Exam (elaborations) • 14 pages • 2024
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- $7.99
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How does the Pareto Principle differ to the ABC Analysis? - Answer-Instead of the Pareto 80/20 split, the 
figure splits the suppliers into three categories. 'A', 'B', 'C'. They are categorised according to their levels 
of importance/spend to the buying organisation. 
Figure 2.1 : 
'A' suppliers represent 20% of the total spend (these suppliers are responsible for the highest level of 
spend, most important). 
'B' suppliers are collectively responsible for a smaller percentage of spen...
-
L4M4 - Chapter 2 Exam Questions And Answers (Verified And Updated)
- Exam (elaborations) • 13 pages • 2024
-
- $12.49
- + learn more
L4M4 - Chapter 2 Exam Questions And 
Answers (Verified And Updated) 
How does the Pareto Principle differ to the ABC Analysis? - answerInstead of the Pareto 
80/20 split, the figure splits the suppliers into three categories. 'A', 'B', 'C'. They are categorised 
according to their levels of importance/spend to the buying organisation. 
Figure 2.1 : 
'A' suppliers represent 20% of the total spend (these suppliers are responsible for the highest 
level of spend, most important). 
'B' sup...
-
L4M4 - CHAPTER 1 EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+
- Exam (elaborations) • 17 pages • 2024
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- $10.99
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L4M4 - CHAPTER 1 EXAM | QUESTIONS & 
100% CORRECT ANSWERS (VERIFIED) | 
LATEST UPDATE | GRADEA+ 
What is Tactical sourcing? 
Correct Answer: Low level decision making 
High profit, low risk items 
Short term projects 
Transactional relationships 
What is Strategic sourcing? 
Correct Answer: Top level decision making 
High profit, high risk items 
Long term projects 
Collaborative relationships 
What factors typically represent value to the procurement organisation when sourcing? 
Correct Answe...
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