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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Ethical and Sustainable Procurement | 15-20% | - Ethical sourcing considerations - Modern slavery and fair trade - Supply chain transparency - Environmental sustainability in procurement - Corporate Social Responsibility (CSR) |
| Topic 2: Strategic Sourcing and Category Management | 20-25% | - Supplier segmentation and criticality analysis - Category segmentation - Strategic sourcing process - Spend analysis techniques |
| Topic 3: Practical Application Scenarios | 15-20% | - Applying theory to real-world procurement situations - Problem-solving and decision-making - Recommendation and justification skills - Case study analysis |
| Topic 4: Supplier Relationship Management | 20-25% | - Supplier development and improvement - Risk management in supplier relationships - Supplier relationship types - Supplier performance measurement (KPI, scorecards) - Partnership and collaboration models |
| Topic 5: Procurement Process and Procedures | 25-30% | - Supplier selection methods - Contract award criteria - Purchase ordering and goods receipt - Procurement cycle stages - Requirements gathering and specification |
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NEW QUESTION # 92
Explain how procurement should decide whether to make or buy a product or service.
Answer:
Explanation:
See the answer in explanation.
Explanation:
Make or buy decision are about whether a products or services should be made within the organization or bought-in from an external supplier.
For a procurement professional to establish which method (make or buy) offers the best value, the item in question must be thought through if it is core to the organization and which option will add more value to the organization, as regards achieving its strategic goals. If it is core the procurement professional decide to make it and if it is not core the product or services can be bought in.
NEW QUESTION # 93
What is contract performance review and continuous improvement?
Answer:
Explanation:
Contract performance review and continuous improvement is the stage 11 of the CIPS procurement and supply cycle.
In order to effectively manage supplier performance and contractual obligations, the suppliers per-formance against key performance indicators (KPI) should be reviewed regularly. This KPI should have been agreed doing the post contract award negotiation. In addition to review KPIs suppliers and the procurement team should work towards continuous improvement. This is a continuous ef-fort to improve product or services within an organization. This may involve improving quality, reducing waste in the supply chain and focusing on innovation. It is an ongoing process that works toward perfection.
* Refer to the question column for response
NEW QUESTION # 94
What is a cross function team?
Answer:
Explanation:
A cross-function Team is the involvement of all departments that are in an organization to contribute knowledge, skills and innovation towards adding value to achieving the organization's strategic goal.
Example, procurement, maintenance, marketing, finance, human resources working together in procurement activity to come up with the best strategy or selecting the supplier that best suit the organization.
When working in a cross-functional team, members of the organization give support by believing in the end goal, assist during difficult time, help troubleshoot any issue, providing the required resources and sharing information
NEW QUESTION # 95
Create two KPIs and two SLAs for a contract with which you are familiar.
Answer:
Explanation:
Key performance Indicators (KPIs) and service level Agreement (SLA) are measures that demon-strate the effectiveness of a supplier. By using KPIs and SLAs as part of suppliers management, procurement professionals can monitor and evaluate performance and identify areas that need attention or improvement.
KPIs and SLAs are used for product and service contract respectively.
Two KPI
1) Number of defects: Not more than two defects is allowed on the generator and its accessories
2) Supplier Lead Time: Delivery after placing order should not be anytime longer than 14 days.
Two SLAs
1) The toilet should be washed with soap, and deodorant should be sprayed twice a day
2) Bathroom and toilet should not be allowed to smell out to the passage. Bathroom smelling out to the passage twice a month is a violation of the contract.
NEW QUESTION # 96
What Incoterm applies here?
The supplier is responsible for delivering the goods to a carrier or to an intermediate agreed place. From this point, the buyer is responsible for ensuring these goods reach their named destination.
Answer: D
NEW QUESTION # 97
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