Choose the correct answer and write down only the letter $($A $$ D$)$ next to the question number $(15)$ on your answer page, for example, $1.$ B$.$

$1.$ Strategic sourcing is the...

a$.$ Process of achieving operational improvements in support of a company$$s strategic objectives

b$.$ Process of evaluating, selecting and aligning with suppliers or consortiums of suppliers

c$.$ Process of supporting companies$$ strategic objectives

d$.$ All of the above

e$.$ None of the above $(1)$

$2.$ Which cost factors impact the make$-$or$-$buy decision?

a$.$ Direct labour, indirect labour, variable overheads, fixed overheads

b$.$ Indirect labour, indirect material, variable overheads, fixed overheads

c$.$ The purchase price, variable overheads, fixed overheads

d$.$ All of the above

e$.$ None of the above $(1)$

$3.$ What is the role of a Supplier Relationship Manager $($SRM$)?$

a$.$ A person who select suppliers

b$.$ A person who manages all suppliers$$ relationships

c$.$ A person who manages the relationship between organisation and supplier

d$.$ A person who ensures that the suppliers are performing tasks and duties

e$.$ A person who manages risks around suppliers $(1)$

$4.$ Which statement about strategic sourcing is Incorrect

a$.$ A sourcing strategy is a process

b$.$ Strategic sourcing balances the company$$s internal and external activities, its services and its know$-$how

c$.$ Strategic sourcing and sourcing are the same things

d$.$ Strategic sourcing aligns the company$$s business strategy, its business processes and IT services

e$.$ Strategic sourcing balances the results that the company must achieve and the future option