Ethical Procurement and Supply
Last Update May 18, 2024
Total Questions : 90
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Decisions which do not represent the best overall outcome for the organisation could be called:
The usefulness of lifetime costing is for decision-making about whether to acquire an asset with an expected:
You have invited quotations for some building maintenance work to be done at your organisational headquarters. Your sister has recently taken up a position as Head of Marketing at one of the firms which has quoted for the work. What should you do?
It is thought that the cause of a negative variance in the materials budget is the poor negotiation skills of procurement staff. Which of the following (select two) would be a move in the right direc-tion to remedy this situation?
‘I’m not really well up on ethics within organisations, especially within procurement. Where can I find some really good quality up-to-date information about ethics?’ Choose one.
Where performance of the contract may be impossible because of external unforeseen factors, this may be called:
In a manufacturing business, there are two important materials budgets. One is called ‘materials pur-chases budget’ and the other is called ‘materials XXX budget’. What is the missing word?
An internet-based auction between competing sellers or suppliers in real time, is called a:
In a tender process, if a bidder realises there is a mistake in their bid submission, for most buying organisations, under what circumstances will the buyer allow the bidder to alter their submission, to correct their error?
Which one of the following is least likely to be an effective measure of internal customer service?
Van Weele wrote that ‘quality is the degree in which XXXX requirements are met. We speak of a quality product or quality service when supplier and XXXX agree on requirements and those re-quirements are met’.
The Profex textbook for this subject, states that ‘specifications are said to be ‘the heart of the con-tract’. The book then goes on to state that goods supplied must be ‘fit for…’
‘Value engineering is a structured approach to increasing the value obtained from a product by of-fering the same level of XXXXX at a lower cost’.
What is XXXXX?
A chart of the concept of 'economies of scale' would have two axes. Which two?
The time between recognition / origin of the need; through to usage or consumption is described as:
A common term to describe an approach to settling contractual disagreements:
TESTED 18 May 2024
