It is said that society is undergoing the ‘fourth industrial revolution’. Which description most close-ly defines this idea?
A school has a contract for the supply of fruit for break time. The school needs the fruit delivered by 10 am every morning to be served at 10:30 am. How would this best be covered in a commercial agreement?
Which of the following are examples of express terms in a contract? Select TWO that apply.
CIPS believes that it is good practice for different staff members to be responsible for three key ac-tivities in procurement (specifying / requisitioning; sourcing / contracting; authorising payment), in order to reduce the likelihood of malpractice, and to do what is in the best interests of the organisa-tion. Select two of the following terms which this principle is known by.
The view that financial rewards are welcome, but are not everything; that workers are willing to take on responsibility and enjoy a problem-solving approach is in line with Theory (Douglas McGregor):
A small group of workers, under the leadership of a supervisor, seeking to make constructive practi-cal small changes to bring about operational improvement in the workplace.
Which of these describes 'consideration' within a contract?
Which of the following would be suitable key performance indicators (KPIs) for suppliers' performance?
Ensure you have customer loyalty
Value or percentage of cost reductions obtained
Win an award in the next 12 months
Percentage of on-time in-full deliveries
‘All procurement requirements valued at more than $100,000 must be competitively tendered, and any contracts arising therefrom must be signed by the Procurement Director’. This is an example of a:
XTC Ltd is developing a new product to improve its competitive advantage. They are looking for suppliers to use their expertise and innovation to assist with the development of a new component. What is the most appropriate form of specification to use?
