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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?
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?A . develop strategyB . supplier selectionC . contract awardD . asset managementView AnswerAnswer: B Explanation: At supplier selection stage, unsuitable suppliers should be removed (those...
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?
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...
Which of the following are primary sources of data? Select TWO.
Which of the following are primary sources of data? Select TWO.A . market reasearch commissioned by a rival companyB . economic indices such as PPI or CPIC . published price listsD . trade fairs and exibitsE . phone calls with current suppliersView AnswerAnswer: D, E Explanation: Primary data includes trade...
Which of the following is considered as part of ESG?
Which of the following is considered as part of ESG?A . bribery, corruption and the environmentB . market conditions and product lifecycleC . liquidity, gearing and profitabilityD . economic and social governanceView AnswerAnswer: B Explanation: The correct answer is bribery, corruption and the environment. ESG stands for environmental and social...
What is share-holder equity?
A balance sheet will show a company's assets, liabilities and shareholder equity. What is share-holder equity?A . the profit from sales once tax has been deductedB . the amount of money held in the company's bank accountC . the owners' residual claim once all debt has been paidD . the...
Is this statement true?
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?A...
What would this suggest?
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 . the supplier is extremely profitableB . the supplier has a lot of long-term debtC . the supplier has a high cost of salesD . the...
A company's balance sheet will show you which of the following?
A company's balance sheet will show you which of the following?A . revenue, profit and expensesB . equity, assets and liabilitiesC . cash coming in and out of the businessD . profit, loss and assetsView AnswerAnswer: B Explanation: a balance sheet shows 'equity, assets and liabilities'. The other financial statements...
Which of the following areas of legislative and regulatory requirements prevent the deliberate limiting of supply and the formation of cartels?
Which of the following areas of legislative and regulatory requirements prevent the deliberate limiting of supply and the formation of cartels?A . data protectionB . product safety standardsC . marketplace competitionD . ethical practiceView AnswerAnswer: B Explanation: the correct answer is 'marketplace competition'. Ethical practice is about prohibiting corrupt and...
Which type of sourcing arrangement has Ramesh began?
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?A ....
