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?
Why would you use a credit score to appraise a supplier?
Which of the following characteristics are likely to be required within sourcing processes undertaken in the public sector?
An emphasis on long-term supplier relationships where possible
Maintaining service levels within value and cost parameters
All dealings between buyers and suppliers are kept confidential
A competitive tendering process is usually encouraged
What information would you expect to find on a supplier's response to a 'Request for Information'? Select TWO
When conducting a competitive tender, is it appropriate to use a supplier's credit rating as a criteria for pre-section?
A buyer has discovered their supplier has taken the passports of some of their workforce. The supplier has offered the buyer a discount against the contract, but the discount only applies if the buyer does not report this finding. Which ethical concerns should the buyer report to the necessary stakeholders?
Fraudulent activity
Bribery
Modern slavery
Breach of confidentiality
A company has a requirement for an item that has been identified as strategic on the positioning model. The company needs to invite competitive tenders and make sure the selected supplier of this item is in a good financial position. What should the company ask the suppliers to send to show that their current assets cover their current liabilities?
A procurement manager of a medium-sized company has suggested to their executive board that implementing an ISO environmental standard would improve procurement practices and reduce environmental and social impacts. However, some colleagues are concerned about the potential complexity and supplier resistance. Should the company go ahead with the recommendation?
Intra-company trading allows business units within a large enterprise to supply goods or services to another. What are the likely objectives of intra-company trading?
Enhances production capacity utilisation
Offsets some of the fixed costs of the supplying entity
Compensates the supplying unit for the less effective technology applied
Ensures internal technology always out-performs that of external suppliers
Which models would be appropriate for analysis of the supply market?
Porter's Five Forces
Porter’s Value Chain
STEEPLED
Ishikawa Fishbone
