Ethical Procurement and Supply Questions and Answers
Thinking in accounting terms, when the cost does not match the budget figure, there could be said to be a:
‘Something which carries on over time, going round in repetitive circles’, is called a:
‘In any series of elements to be controlled, a selected small factor in terms of number of elements almost always accounts for a large factor in terms of effort’. Which well-known principle is being described here?
Regarding quality management, how many defects?
The abbreviation ‘PDCA’ represents the words:
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?
Where the buyer’s and seller’s conditions of contract clash, this is commonly known as ‘the battle of the…’
The price / cost …
A product of less-than-satisfactory quality might be said to have a:
‘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?
The abbreviation ‘SOP’ stands for:
The budget for procurement staff costs is 100,000 but only 90,000 has been spent in the period. This has resulted in substantial further work for procurement staff members, sometimes working into the evening or at weekends.
A common term to describe an approach to settling contractual disagreements:
An internet-based auction between competing sellers or suppliers in real time, is called a:
A term used to describe preparatory activities undertaken after a contractor has been appointed, but before they have commenced work. Often used in projects, construction or management consultan-cy
In the period in question, the budget for staff overtime and bonuses is zero.
The actual expenditure is 2,900.
Is this variance:
‘Reputation gained through proficiency, ability or achievement’ (as used in the CIPS Code of Con-duct)
‘It is important to remember that XXX customer service has a knock-on effect on YYY customer service’. What are the missing two words?
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 formal appraisal of a current supplier, measured in terms of factors such as quality, timeliness of delivery, etc is known as:
The supplier appraisal model attributed to Dawn Dadds, is, as shorthand:
The time between recognition / origin of the need; through to usage or consumption is described as:
Imagine that the Chief Executive of a UK bank attempted to learn the name of a whistleblower within the bank - the whistleblower had earlier reported wrongdoing within the bank to the state banking authorities anonymously. Trying to find the name of the whistleblower was a breach of the organisation’s internal protocol which guaranteed anonymity to whistleblowers. Imagine the regula-tory authorities in both the UK and the US took action as a result. What is the most likely action which would be taken by the authorities?
According to the Profex textbook for this subject, specifications are said to be ‘the heart of the con-tract'.
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…’
Disclose, distance, delegate, …?
KPIs should be:
