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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?
- A . It is important to keep the CEO informed of all decisions that are made
B. It is important to keep the CEO satisfied as he runs the business
C. The CEO is a key player- so it is important he is involved early in the process
D. The CEO is a key player- so should be given regular updates on progress
Suggested Answer: C
Explanation:
The correct answer is ‘The CEO is a key player- so it is important he is involved early in the process’. The CEO has high power and high interest which puts him in the top right-hand corner of Mendelow’s Stakeholder Matrix (p.81). CIPS says Key Players should be involved early in the procurement process (p.82).
Explanation:
The correct answer is ‘The CEO is a key player- so it is important he is involved early in the process’. The CEO has high power and high interest which puts him in the top right-hand corner of Mendelow’s Stakeholder Matrix (p.81). CIPS says Key Players should be involved early in the procurement process (p.82).
Posted : 26/12/2022 7:08 pm