3 Months Free Update
3 Months Free Update
3 Months Free Update
Scott is a procurement manager who is evaluating a bid from a supplier to provide a new IT system to his office that will be used by 100 employees. He is considering the total life-cycle costs. Which of the following should Scott consider? Select THREE
Polygon Incorporated is a new company in the mining industry, which often gets bad press due to issues of sustainability. Which of the following should Polygon Incorporated consider when developing sustainable business practices?
When sourcing an item of strategic importance and high value in the public sector, is it important to advertise this publicly?
Which of the following areas of legislative and regulatory requirements prevent the deliberate limit-ing of supply and the formation of cartels?
If a company is concerned with ethical sourcing and has concerns about issues such as corruption and modern day slavery within the supply chain, what course of action should they take?
What is a major benefit to using Incoterms when sourcing goods internationally?
Which of the following is a regulatory body which protects the rights of workers?
In the Public Sector, what is the evaluation criteria most often used when evaluating bids fromsuppliers?
Ramesh is a procurement manager who is looking at his supplier base. He is pursuing a sourcing strategy with the aim of enabling logistical cost reductions. He has made the decision to scale-down his supplier base and purchase from one supplier.
Which type of sourcing arrangement has Ramesh began?
In which type of market would you be most likely to find a 'perfect competition'?
Tulip Rose Industries is using a restricted approach to tendering for a new contract for the facilities management of their seven factories which produce furniture made of organic materials. What is likely to be the reason they are using a restricted approach?
The gross profit of a company can be calculated by using a simple formula. What is this?
When using a 'credit account' payment mechanism, when does a supplier receive payment for the goods?
Raja is a procurement manager who is keen to gain further insight into the current marketplace and whether local suppliers are capable to provide a service he is looking to procure. He wishes to test the market before he begins a formal tender process. What should Raja do?
Pierre is constructing a tender for a security contract. As well as cost, he would like to ask the security companies some questions about their health and safety processes and staff qualifications. He has created several questions and weighted these so that they add up to 25. is this the correct thing to do?
The International Chamber of Commerce (ICC) publish a list of commercial rules known as Inco-terms. What is the purpose of these rules?
Which of the following are reasons to outsource part of a business to an external supplier? Select TWO.
Robert is appraising suppliers and is keen to evaluate suppliers' contribution to the community and the environment. Which of the following should Robert look at?
Under what circumstances can a buyer reduce timescales for a tender in the Public Sector?
GDP is an economic index that a procurement professional can use to measure economic data. What does GDP tell you?
Which of the following financial documents would show whether a supplier has sufficient funds to pay their subcontractors in the short term?
Luke has sent out a Request for Information to test the waters of the supply market for a new product he is sourcing. He has received a high number of detailed documents back from suppliers. Which of the following is Luke now likely to know about the marketplace? Select THREE
When conducting a competitive tender, is it appropriate to use a supplier's credit rating as a criteria for pre-section?
Yolo Inc. have recently run a tender opportunity to find a suitable supplier of yoyos and they have received a number of bids. The supplier will become a strategic partner to the business as yoyos are vital to the success to Yolo Inc. The tender asked for both price submissions and had a number of quality questions. Eamon is the Procurement Manager of Yolo Inc and is responsible for selectingthe most appropriate supplier. How should Eamon appraise the bids?
Damian is a procurement professional in the Public Sector. He has recently run a competition to source new uniforms for hospital staff and has decided on a suitable supplier. Should Damian con-duct post tender negotiation with the supplier?
During which stage of the procurement cycle would you remove suppliers that do not add value, or could pose a risk to the buying organisation?