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NEW QUESTION 29 What are the four quadrants in the Mendelow stakeholder matrix? Answer: ** Explanation: Stakeholder are individuals or organizations that can be affected directly or indirectly by any project or decision. For successful procurement activities to take place, stakeholders must be identified, engaged and managed. Not all stakeholders require the same level of engagement and management. To appropriately manage identified stakeholders, the Mendelow management matrix has categorized stakeholders in four quadrants, according to how low or high their power and interest in the project could be. The four categories are: 1) Minimum effort (low power-Low interest) 2) Keep satisfied (high power-Low interest) 3) Keep informed (Low power - high interest) 4) Manage closely (High power- High interest)   **NEW QUESTION 30 Why do some specifications need to adapt? Answer: ** Explanation: Specification is a detailed description of what is required or needed. Due to certain reasons, needs sometimes increase in importance or lose their essence, therefore specifications need to adapt and develop to reflect the changing requirements of the consumer and also to comply with regulations and legislatures as this are amended. Standard, regulations and legislation are continually evolving and new updated versions of existing guideline, as well as completely new initiatives one being released.   **NEW QUESTION 31 What do STEEPLE and SWOT stand for? Answer: ** Explanation: After a need in an organization has been identified/understood, defined, justified and authorized, the next stages are to understand how commodity prices are reacting, which suppliers are available and their strength. The make or buy decision can be reached with knowledge from this; the procurement professional can consider the organization external environment, strength, weakness opportunity and threat to develop strategy/plan of how to achieve the procurement. 'STEEPLE' is an effective way to evaluate the external environment. It helps buyers to assess factors that could affect the need in hand and helps them to develop the plan accordingly. 'STEEPLE' is an acronym which stands for, Social, Technology, Economic, Environment, Political, Legal, Ethical 'SWOT' helps the organization to analyze its strength and within the organization and the oppor-tunity and threats outside the organization. 'SWOT' is an acronym which stands for, strength, weakness, opportunity and threats.   **NEW QUESTION 32 What effect is technology having on jobs within an organization with which you are familiar with? Answer: ** Explanation: With the ever developing use of technology, organizations are often under pressure to keep up with numerous technological advances. Jobs could be created in line with technology. Advances in technology can also results in lack of requirement for human impact and as such, jobs could be lost. Though it can help save time and retain bulk files in no space.   **NEW QUESTION 33 Describe three benefits of working cross-functionally Answer: ** Explanation: Working cross-functionally is the involvement of all departments involved in an organization to contribute knowledge, skills and innovation towards adding value of achieving the organization's strategic goal. All functions may include; procurement, maintenance, marketing, finance, human resources working together in procurement activity to come up with the best strategy or selecting the supplier that best suit the organization. When working cross functionally, members of the organization gives support by believing in the end goal, assist during difficult time, help troubleshoot any issue, providing the required resources and sharing information.   **NEW QUESTION 34 ...... P.S. Free & New L4M8 dumps are available on Google Drive shared by PrepAwayExam: https://drive.google.com/open?id=1TVFvBLWQwx9JCvcTKfn4VzdUnnce5-PV