Which of the following is a UK legislation concerning product safety?
Which of the following are reasons to outsource part of a business to an external supplier? 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.
Which of the following payment mechanisms is most beneficial to the supplier?
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?
According to the CIPS code of conduct, which laws should a procurement professional adhere to?
Pre-qualification of suppliers is used to determine if the suppliers meet the basic requirements of the buying organisation. Which of the following is assessed at the pre-qualification stage?
When conducting a competitive tender, is it appropriate to use a supplier's credit rating as a criteria for pre-section?
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?
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?
Which of the following are primary sources of data? Select TWO.
Liquidity is a solvency measure which determines whether an organisation is able to pay its debt. Which of the following would you use to assess a supplier's liquidity? Select TWO.
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
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?
Which of the following financial ratios would indicate a supplier's potential exposure risk to a steep rise in inflation?
The Freedom of Information Act is a piece of UK legislation which allows members of the public to request information on issues such as public sector sourcing. When a request is made, it is compulsory for the public sector to provide this information to the public. Is this statement true?
Which of the following should be considered when calculating ratios relating to a supplier's liquidity?
Which of the following areas of legislative and regulatory requirements prevent the deliberate limit-ing of supply and the formation of cartels?
What is the best way to prevent potential issues of conflicts of interest?
Kiran is appraising some potential suppliers and has noticed that one of these suppliers has an extremely high gearing ratio. What would this suggest?
A Bill of Exchange is an important document used when importing goods into a country from abroad. What is the purpose of this document?
When conducting an ABC analysis- what category of items and type of suppliers would you typically find in the A category?
Which of the following are signs that modern-day slavery might be taking place within the supply chain? Select THREE.
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?
Which of the following is considered as part of ESG?
Incoterms describe several aspects and responsibilities of transporting goods when sourcing internationally. Which of the following is described by Incoterms? Select THREE.
Which of the following is not a indices that measures economic data?
Which of the following financial documents would show whether a supplier has sufficient funds to pay their subcontractors in the short term?
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 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?
The International Chamber of Commerce (ICC) publish a list of commercial rules known as Inco-terms. What is the purpose of these rules?
Under what circumstances can a buyer reduce timescales for a tender in the Public Sector?
When would a procurement professional use the Pareto principle?
A balance sheet will show a company's assets, liabilities and shareholder equity. What is share-holder equity?
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.
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?