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Curly Cake Incorporated makes lots of different types of confectionary items. Although they are most famous for their cakes, they also have a smaller line of cereal bars and biscuits. Which of the following would be the most appropriate items for Curly Cake Incorporated to outsource? Select TWO
What type of relationship should a buyer seek when making strategic sourcing for their business?
Roberto is running a tender in which his main concern is price. However he is keen to hear also about the companies' Corporate Social Responsibility Policies and how this will impact their delivery. Roberto is considering awarding the CSRquestion4 points in a weighted point system. If he does this, what weight should be given to the price?
A company has actively included supporting of disadvantaged groups within their ESG commitment. Which of the following groups are considered disadvantaged?
Compared with single sourcing, what is a key advantage to dual or multiple sourcing? Select TWO
Steff is a procurement manager at Giant Buttons Ltd who are considering offshoring a small section of their manufacturing operations. Which of the following is a risk of offshoring that Steff should consider.
An organisation is keep to include Social Outcomes in it's assessment for Value for Money for a new tender. Which of the following should be considered?
Amnesty International, Oxfam and CIPS are examples of what type of organisation?
Guillerme is a Category Manager within the procurement department of a Manufacturing company. In his Category there are 200 items he procures, and he has recently undertaken an ABC analysis of these. Which of the following items would be C category items?
Commodities are items which can be traded on the stock exchange. These are generally divided into four categories. What are these four categories?
Commodities can be traded on a stock exchange and are generally divided into one of four categories. Which of the following is not one of these four categories?
Bob works in the procurement department of a construction firm. He has been asked to procure an item for a short-term project which is considered low risk. What type of sourcing will he be completing?
Which of the following areas of legislative and regulatory requirements prevent the deliberate limit-ing of supply and the formation of cartels?
Greg is doing some research on a potential supplier and is concerned that the supplier's funding is based on long-term debts and loans. Working with this supplier therefore might bring additional risks to Greg's business. What should Greg do about his concerns?
Which of the following payment mechanisms is most beneficial to the buyer?
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?
A Request for Quotation asks a supplier to submit a price only, with no other details provided. Is this TRUE?
Which of the incoterms listed are suitable for transporting goods via train?
What is a risk of pre-warning a supplier that you will conduct an audit of their facilities?
It is important that buyers take an approach that is reasonable and fair when selecting suppliers to work with. Which of the following is a voluntary document which can help procurement professionals treat suppliers respectfully?
Henry is importing cheese from South East Asia into the UK. He is doing some research on the costs and risks of this and has discovered that the product may be considered of 'non-preferential origin'. What implications would this mean for Henry?
Which of the following is not a type of fraud that procurement professionals should be vigilant for?
Which of the following payment mechanisms is most beneficial to the supplier?
In which type of market would you be most likely to find a 'perfect competition'?
When selecting a supplier on technical merit, its important that the supplier is a good 'functional fit' for the organisation. What is meant by 'functional fit'?
TESTED 08 May 2024