Luke has sent out a Request for Information to test the waters of the supply market for a new product he is sourcing. He has received a high number of detailed documents back from suppliers. Which of the following is Luke now likely to know about the marketplace? Select THREE
When conducting an ABC analysis- what category of items and type of suppliers would you typically find in the A category?
Why is it important to consider factors such as environmental, social, governance and ethics when analysing tender proposals from the market?
To ensure adherence to sustainability initiatives
To improve the process workflow
To perform supplier spend and monitoring
To identify potential risks within the supply chain
GDP is an economic index that a procurement professional can use to measure economic data. What does GDP tell you?
When conducting a competitive tender, is it appropriate to use a supplier's credit rating as a criteria for pre-section?
What is the best way to demonstrate that your organisation does not tolerate bribery and corruption?
In which instance would multiple sourcing be the most applicable approach?
Which of the following incoterms relate specifically to transporting items over water?
Ramesh is an IT category manager within the UK’s National Health Service and is responsible for the procurement of a new high-value network system, which will spread across multiple doctors' practices and community health centres. Ramesh has reviewed different tender approaches and concluded that the use of a restricted tender is the most appropriate. Which of the following statements is true for a restricted tender process?
When selecting a supplier on technical merit, its important that the supplier is a good 'functional fit' for the organisation. What is meant by 'functional fit'?
