CIPS L4M4 - Ethical and Responsible Sourcing
Which of the following are considerations when evaluating quality as a criterion for supplier selection? Select TWO that apply.
Which of the following payment mechanisms is most beneficial to the buyer?
Which of the following is not a type of fraud that procurement professionals should be vigilant for?
Which of the following can be interpreted as a normal business practice by some cultures but a form of bribery by others?
Khalid is a procurement manager in the UK who is looking to source exotic fruit for a retailer. As this type of fruit doesn't grow naturally in the UK Khalid is looking at international suppliers, but is worried about variations in exchange rates. He is considering asking the suppliers to provide quotes in their local currencies. Will this reduce the risk posed to Khalid?
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?
When assessing the financial performance of a potential supplier, it is important to understand how much gross profit they are making. The gross profit margin ratio uses which of the following pieces of information from the profit and loss (statement of financial performance)? Select TWO that apply.
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?
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 demonstrate that your organisation does not tolerate bribery and corruption?
