Question: Spend analysis is one of the basic tools in use to help companies rationalize their procurement patterns and supplier selections. Which of the following statements

Spend analysis is one of the basic tools in use
Spend analysis is one of the basic tools in use
Spend analysis is one of the basic tools in use
Spend analysis is one of the basic tools in use to help companies rationalize their procurement patterns and supplier selections. Which of the following statements about spend analysis is incorrect? a. It usually enlarges a company's supply base. O b. It can lead to better pricing and reduced costs. O c. It can help companies to cut down on spending outside preferred supplier contracts. d. It helps consolidating suppliers of the same or similar capabilities to drive greater procurement volumes through fewer supply entities. O e. It provides better visibility into overall spending patterns. Which of the following is not a focus of TQM? O a. All of the choices are focuses of TQM. O b. Continuous improvement O c. Pursuing quality at the source O d. Process focus e. Customer focus What should the buying firm do if based on their forecast and firm customer orders they predict the demand for the part will increase by 30% for Year 2? O a. Start looking for a backup supplier O b. Tell customers that you are not able to fulfill the demand O c. Communicating with the current supplier about the potential demand increase O d. Do nothing

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