CIPS L4M4 - Ethical and Responsible Sourcing
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?
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 submit their tender, how to price the opportunity, asks Questions relating to how they will deliver the service and gives a deadline for bids to be submitted. Which document have the suppliers ben sent?
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?
Which of the following is a strategic cost associated with outsourcing cyber-security from an in-house IT function to a specialist supplier?
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?
Procurement professionals should never appoint any suppliers that have a low credit rating. Is this statement TRUE?
The gross profit of a company can be calculated by using a simple formula. What is this?
Which of the following should be assessed in supplier proposals to check compliance with environmental, social, and governance (ESG) standards? Select THREE that apply.
Private sector procurement organisations should always allow suppliers at least 35 days to respond to invitations to tender. Is this statement true?
Which of the following incoterms has the lowest risk to the buyer?
