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| Section | Weight | Objectives |
|---|---|---|
| Strategic Sourcing and Category Management | 20-25% | - Spend analysis techniques - Supplier segmentation and criticality analysis - Category segmentation - Strategic sourcing process |
| Practical Application Scenarios | 15-20% | - Case study analysis - Applying theory to real-world procurement situations - Problem-solving and decision-making - Recommendation and justification skills |
| Ethical and Sustainable Procurement | 15-20% | - Modern slavery and fair trade - Environmental sustainability in procurement - Supply chain transparency - Ethical sourcing considerations - Corporate Social Responsibility (CSR) |
| Procurement Process and Procedures | 25-30% | - Supplier selection methods - Procurement cycle stages - Contract award criteria - Purchase ordering and goods receipt - Requirements gathering and specification |
| Supplier Relationship Management | 20-25% | - Supplier performance measurement (KPI, scorecards) - Partnership and collaboration models - Supplier relationship types - Supplier development and improvement - Risk management in supplier relationships |
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NEW QUESTION # 70
What are Carter's 10Cs?
Answer:
Explanation:
Carter's 10cs is a detailed mechanism that procurement professional uses to evaluate potential supplier. What the procurement professional should consider in supplier are the following 10 things.
1) Competency 2) capacity 3) Cost 4) Cash 5) Clean 6) Consistency 7) Control 8) Culture 9) Com-mitment 10) Communication.
NEW QUESTION # 71
Which Incoterm applies here?
The supplier is responsible for delivering the goods to the buyer's premises include arranging any custom clearances that applies, bearing all risk up until this point.
Answer: A
NEW QUESTION # 72
What information should be included on a purchase requisition?
Answer:
Explanation:
See the answer in explanation.
Explanation:
RESPONSE
A purchase requisition should contain the following information
1) Date of the requisition
2) Description of what is required
3) Supplier if known
4) The quantity
5) when the need is required
6) why the need is required
7) who identified the need
8) who approved the need
9) if it's a re-buy
NEW QUESTION # 73
What is PQQ and what does it include?
Answer:
Explanation:
See the answer in explanation.
Explanation:
Pre-qualification questionnaire (PQQ) is often standard forms that buyers send to potential suppli-ers. The purpose is to ensure that these potential suppliers could, if they win the contract, supply the product or service to the standard required. PQQ includes requesting details from the potential suppliers on the following information
1. Company Details
2. Environment policies
3. Trading history
4. Ethical policies
5. Financial information
6. Health and safety policies
7. Quality standards
8. References
9. Insurance.
NEW QUESTION # 74
What are the definition of a new buy and a modified re-buy?
Answer:
Explanation:
A new buy is the purchase of goods and services by an organization or an individual for its first time. For example a transport organization for the very first time contracting the purchase of a Lorry out to an external supplier. In situations like this, it is advisable to start the procurement cycle from the very first stage. Which is understanding the need and developing high level specification.
Modified re-buy is the purchase of goods or services that an organization has bought before there was a need but with changes to the specification or supplier or quantity or quality. In carrying out modified re-buy, procurement professional should start from the very first stage of the procurement cycle to justify the added need and follow through. Not in all cases that buyer would have to start from understanding the need. In a situation where the changes required is a change of supplier, the organization will start from its preferred suppliers list and contract the next ranking supplier as the case may be.
* Refer to the question column for response
NEW QUESTION # 75
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