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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?
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?A . PQQB . ITTC . RFQD . RFTView AnswerAnswer: B Explanation: The correct answer is Invitation to Tender. This is sent out to suitable suppliers...
Which of the following are services that are often put out to tender?
Tendering is a more formal and regimented process than sending out requests for quotations. Which of the following are services that are often put out to tender? Select THREE.A . securityB . consultancyC . provision of raw materialsD . office suppliesE . cleaningView AnswerAnswer: B, C, E Explanation: security, consultancy...
Which of the following is assessed at the pre-qualification stage?
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?A . capacity, capability and pricing structureB . pricing structure, ethics and financial stabilityC . financial stability, capacity and capabilityD . capability, culture...
In the Public Sector, what is the evaluation criteria most often used when evaluating bids from suppliers?
In the Public Sector, what is the evaluation criteria most often used when evaluating bids from suppliers?A . Most Economically Advantageous TenderB . Best Value for MoneyC . Cheapest Overall TenderD . Best Business FitView AnswerAnswer: A Explanation: Most Economically Advantageous Tender (MEAT) is the Public Sector's go to evaluation...
Which of the following are not considered one of the 5 rights?
Achieving the 'five rights of procurement' is one of the key objectives of procurement managers. Which of the following are not considered one of the 5 rights? Select TWO.A . timeB . ethicsC . environmentD . quantityE . qualityView AnswerAnswer: B, C Explanation: ethics and environment are not a 'right...
Which of the following would you use to assess a supplier's liquidity?
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.A . current assetsB . current liabilitiesC . long-term debtD . shareholder's equityView AnswerAnswer: A, B Explanation: The correct answer is...
What is a disadvantage of using a weighted point system?
The procurement team at Grape Juice Limited often use a weighted point system when ap-praising potential suppliers. What is a disadvantage of using a weighted point system?A . it allows transparencyB . it is time-consuming to createC . it is easy to manipulateD . it is hard to be objectiveView...
Which of the following items would be C category items?
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?A . high value itemsB . one-off purchasesC ....
Which of the following would be a valid reason to make a product inhouse, rather than buy it from a supplier?
Which of the following would be a valid reason to make a product inhouse, rather than buy it from a supplier?A . improved quality controlB . less inventoryC . killset of supplier is higherD . threat of substitutionsView AnswerAnswer: A Explanation: One of the biggest advantages to making an item...
Which document have the suppliers ben sent?
A buyer in the public sector has put an advert out asking for interested suppliers to express an interest in a potential tender activity to provide a facilities management contract to a hospital trust. The suppliers who have met that criteria are then sent a document detailing how they should...
