ABC Ltd works with supplier XYZ Ltd who uses a variety of subcontractors. ABC has recently learned of an ethical breach being committed by one of XYZ's subcontractors. What should ABC do?
Philip is a procurement manager at XYZ Company which imports raw materials from abroad. Sup-pliers provide quotes to Philip in their local currency. Is this the best way to reduce the risk to XYZ Company of currency fluctuations?
Ji Yuan is a procurement manager who is looking for a new supplier to complete reactive maintenance activities throughout his property portfolio. The reactive maintenance will include an array of plumbing tasks as well as fixing electrical items. Suppliers therefore need to be extremely skilled and knowledgeable about a variety of tasks. Ji Yuan has done some initial research and doesn't believe that there are many suppliers who can complete this type of contract. What type of tender should he use?
When working closely with a supplier, waste can be reduced which can lead to improved business functions and cost savings. Which of the following are wastes that can be removed from the supply chain? Select THREE.
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?
Which of the following should be considered when calculating ratios relating to a supplier's liquidity?
A balance sheet will show a company's assets, liabilities and shareholder equity. What is share-holder equity?
A company has a low gearing of 20%. This shows that the company relies on equity capital and should therefore have less difficulty coping during tough economic times. Is this statement TRUE?
Brooklyn Ltd is a manufacturer of windows and has a single sourcing relationship with their supplier of glass. What relationship style would be best suited?
A Request for Quotation asks a supplier to submit a price only, with no other details provided. Is this TRUE?
What is a major benefit to using Incoterms when sourcing goods internationally?
In the Public Sector, what is the evaluation criteria most often used when evaluating bids fromsuppliers?
For complex and high value tenders, which document is the most appropriate to send to those suppliers who have already been appraised and deemed suitable?
GDP is an economic index that a procurement professional can use to measure economic data. What does GDP tell you?
Which of the following would you use to work out a company's gearing ratio? Select TWO.
0current liabilities
Which of the following financial documents would show whether a supplier has sufficient funds to pay their subcontractors in the short term?
Daniel is evaluating bids from new suppliers who are looking to supply his company XYZ Indus-tries with components for manufacturing. Although price is important, Daniel wishes to consider 'added value'. Which of the following is considered an 'added-value solution'? Select THREE
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?
Ali is the Category Manager at an airplane manufacturing factory. He works with many different suppliers who provide different components for the planes. The company is investing heavily in Environmental and Social Governance and Ali has been asked by the CEO what the best practice is to ensure ethical behaviour from suppliers. Ali has suggested completing Audits. Is this the right thing to do?
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?
In a negotiation, a supplier does not want to upset or offend the buyer, so concedes their own requirement in order to ensure harmony. Which negotiation tactic is the supplier using?
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?
The gross profit of a company can be calculated by using a simple formula. What is this?
Commodities are items which can be traded on the stock exchange. These are generally divided into four categories. What are these four categories?
Under what circumstances can a buyer reduce timescales for a tender in the Public Sector?
Which of the following are signs that modern-day slavery might be taking place within the supply chain? Select THREE.