CUFL is an umbrella manufacturer in China. Its procurement department often requests cost breakdown from the supplier. After receiving documents and analyzing the detailed costs, they find that all the cost components and the profit look reasonable. What should CUFL procurement manager do next to achieve better price? Select TWO that apply.

Which of the following agencies can produce a technical standard?

Babcock is preparing a through-life contract. They put to the contract provision of an electronic shared working environment for the exchange of technical information and spares supply and logistics information. Which part of through-life requirement does this provision belong to?

To strengthen its market presence, ABC Group decided to develop a new product. A cross-functional team was formed to discuss the scope and the functions of the product. They will also survey the potential customers to see what they like, what they love, and what they dislike. What is this process called?

The procurement team has been asked to collect and analyse direct and indirect costs of a key item supplier. They have been working with other internal stakeholder and identify what they have known and gaps to be filled. Which of the following activities should be done next?