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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Procurement Process and Procedures | 25-30% | - Contract award criteria - Supplier selection methods - Requirements gathering and specification - Procurement cycle stages - Purchase ordering and goods receipt |
| Topic 2: Ethical and Sustainable Procurement | 15-20% | - Environmental sustainability in procurement - Modern slavery and fair trade - Ethical sourcing considerations - Corporate Social Responsibility (CSR) - Supply chain transparency |
| Topic 3: Strategic Sourcing and Category Management | 20-25% | - Spend analysis techniques - Category segmentation - Strategic sourcing process - Supplier segmentation and criticality analysis |
| Topic 4: Practical Application Scenarios | 15-20% | - Problem-solving and decision-making - Case study analysis - Applying theory to real-world procurement situations - Recommendation and justification skills |
| Topic 5: Supplier Relationship Management | 20-25% | - Partnership and collaboration models - Supplier relationship types - Supplier development and improvement - Supplier performance measurement (KPI, scorecards) - Risk management in supplier relationships |
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NEW QUESTION # 196
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 # 197
What happens in the public sector, regarding providing feedback?
Answer:
Explanation:
See the answer in explanation.
Explanation:
A sector is an area of an industry, e.g., private, public or third sector.
A public sector is a sector of the economy that is owned, finance and run by the government. This sector is financed with tax payer's money. And therefore owe the general public an ethical explanation towards all investment and decision.
Once the supplier that is awarded the contract has accepted, the buyer can tell the unsuccessful bidders. This usually happens through email or letter. The public sector is more likely to give feedback to unsuccessful bidders and also have to respond to any stakeholders that request information on why a supplier is not successful.
NEW QUESTION # 198
Explain why it is deemed better to use Sea freight rather than air
Answer:
Explanation:
It would be rare to find a supplier who does not emit any form of pollution. However, part of ethical and responsible sourcing is to make effort to reduce impact of population on the planets. Pollution can be factory emission, Noise, smell, Transportation Development, waste disposal. Transportation is a major cause of pollution. The carbon dioxide emitted from vehicles contributes greatly to air contamination. Yet it is better to use sea freight rather than air because it has a smaller impact on the environment.
NEW QUESTION # 199
Which contract term contains details of when a product or service should be delivered and ex-plained the potential loss of business?
Answer:
Explanation:
Contract terms are the right and duties agreed between parties with which are then documented in contract.
Terms can be either implied or expression.
Implied terms are always present in a contract and are set by national laws; like the sales of goods act, whereas express terms are negotiated and created, for example; time is of the essence. When the procurement professional is setting key performance indicators, where which the supplier's performance will be monitored and managed, the KPI is expected to be SMART. The SMART is an acronym that is used to set KPI and specification. It means:
Specific
Measurable
Achievable
Relevant
Time bound
NEW QUESTION # 200
Create a list of tangible, intangible, direct and indirect needs within an organization with which you are familiar.
Answer:
Explanation:
Tangible costs are the cost an organization incur acquiring items that can be physically touched and or seen.
Examples includes; 1) Capital Purchase 2) Raw materials 3) Sundry items 4) Vehi-cles/transport 5) Utilities Intangible costs are the cost an organization incurs acquiring something that cannot be physically seen or touched. Examples include; 1) Insurance 2) Marketing 3) Research and development 4) Salaries and/pension
5) Services 6) Training.
Direct costs - These are costs that an organization incurs acquiring product and services directly attributable
/traceable to its production, for example, the cost of labour and materials directly uses to produce the goods
/services which the organization sells. In the case of buying and running a Lorry for transport fleet, this would be 1) total cost of acquiring the lorry,) Tooling 3) Operation.
Indirect cost - These are costs that are not directly associated to production, for example, materials and services not used in production, labour/ staff cost not directly attributed to production, such as management, sales and marking, ICT support, rents. In the case of buying and running a Lorry for transport fleet. Examples are; 1) Insurance 2) Disposal.
* Go back to the question column and study the Questions and response
NEW QUESTION # 201
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