Free Scope and Influence of Procurement and Supply Exam L4M1 Exam Practice Test
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Total Questions: 40
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What is a Code of Ethics? What should an Ethical Policy Contain? What measures can an organisation take if there is a breach of their Ethical Policy? (25 points)
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In the supplier selection part of the Procurement Cycle, what criteria can a Procurement Manager use to ensure they award to the best supplier? (25 points)
Answer: S,e,e, ,t,h,e, ,s,o,l,u,t,i,o,n, ,i,n, ,E,x,p,l,a,n,a,t,i,o,n, ,p,a,r,t Next Question -
Jan is a Contracts Manager at ABC Ltd and has recently awarded a contract to XYZ Ltd. Describe how she can manage the contract and supplier, detailing ways of monitoring performance and adding value for ABC Ltd (25 marks)
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Explain what is meant by Corporate Governance and why having Corporate Governance structures is important. Discuss 2 obstacles which may impede an organisation achieving high levels of CorporateGovernance. (25 points)
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Explain the following terms: outsourced procurement, shared service unit (SSU) and consortium procurement. What are the advantages and disadvantages of each approach to procurement? (25 points)
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What is an electronic system? Describe the following: e-requisitioning, e-catalogues, e-sourcing, e- payment technologies (25 marks)
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Describe the key drivers for organisations who operate in the public, private and third sector (25 marks)
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Describe the main stages of the CIPS Procurement and Supply Cycle (25 points)
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Describe regulation that govern the Public Sectors and explain how this may impact upon procurement activities (25 marks).
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What is meant by Stakeholder Mapping? Describe a tool that can be used by a Procurement Professional to map the stakeholders at their organisation (25 points)
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Total Questions: 40