Which pricing method can best be used, in a situation where it is impossible to specify all activities, and where a fixed price is too risky for both buyer and supplier?
Cost-based pricing.
Competitive pricing.
Market-based pricing.
Performance-based pricing.
What type of pricing model is best suitaed to situations where the buyer has the advantage of delivering before the decided delivery date?
Cost-plus contract.
Competitive bidding.
Target return pricing.
Fixed price plus performance bonus.
Different methods exist to develop the relationship with suppliers. Which of the methods below is not suitable for developing the relationship?
A supplier satisfaction survey is used to match the expectations of all stakeholders involved with the actual experiences.
In order to distinguish supplier strategies, companies separate their supplier base into distinct supplier segments.
In a supplier suggestion program, the buyer actively searches for improvement ideas for the supplier to improve; e.g. the logistic activities or inventory.
Chrysler had a supplier development plan where benefits were shared with its suppliers.
Different methods exist to assess the performance of suppliers. Which of the statements below about supplier assessment is not correct?
Vendor rating differs from supplier auditing in time orientation, as supplier auditing has a longer time horizon.
Qualitative assessment and cost modeling are extremely labour intensive and will only be used with ‘strategic’ suppliers and products.
Vendor rating is limited to quantitative data only and quality is measured in terms of, for instance, rejection percentages.
Material specifications and product line complexity are examples of the cost driver design.