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| Section | Weight | Objectives |
|---|---|---|
| Practical Application Scenarios | 15-20% | - Case study analysis - Problem-solving and decision-making - Applying theory to real-world procurement situations - Recommendation and justification skills |
| Procurement Process and Procedures | 25-30% | - Contract award criteria - Requirements gathering and specification - Supplier selection methods - Procurement cycle stages - Purchase ordering and goods receipt |
| Supplier Relationship Management | 20-25% | - Supplier relationship types - Supplier performance measurement (KPI, scorecards) - Supplier development and improvement - Partnership and collaboration models - Risk management in supplier relationships |
| Strategic Sourcing and Category Management | 20-25% | - Strategic sourcing process - Category segmentation - Supplier segmentation and criticality analysis - Spend analysis techniques |
| Ethical and Sustainable Procurement | 15-20% | - Ethical sourcing considerations - Modern slavery and fair trade - Supply chain transparency - Corporate Social Responsibility (CSR) - Environmental sustainability in procurement |
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NEW QUESTION # 24
What is needed for a contract to be binding?
Answer:
Explanation:
A contract is written or verbal agreement, made between two or more parties that is legally enforceable.
For a contract to be legally binding it must include intention of parties entering into the contracts.
All parties must have the capacity to contract or be contracted.
They must be of a sound mind, there should be a promise (offer) for performance from the other party and an exchange (consideration) of one thing for another within an agreement for contract to be binding, and there must be an acceptance of the offeror's offer by the offeree.
NEW QUESTION # 25
Explain the concept of the 3Ps/TBL and how it can be used by an organization.
Answer:
Explanation:
Trying to measure how sustainable an organization was used to be challenging undertaking. How-ever, during the 1990s, a concept brought up by American John Elkington change the way sustainability was measured.
This framework is known as the triple bottom line (TBL) and measures sustainability in relation to organizational performance and investment against the 3Ps (1) Profits (2) People (3) Planet. For example; Profit: A packaging manufacturer reinventing its profits in a State- of-the-art recycling machinery for it wasted cardboard.
People: A large privately owned call center donate its end of life computers to a local youth clubs and social groups to help gain internet cases.
Planet: A driving instructors using only hybrid vehicles to teach her learners, thus to reducing Co2 emission.
The TBL, although a useful tool, is simply a way of recording how sustainable an organization is. Alone, it does not contribute towards any improvements or generate any actions promoting a more favorable, sustainable outlook. Objectives should be set in relation to what the 3Ps show and then monitored by implementing KPIs or other measuring methods.
* Refer to the question column for response
NEW QUESTION # 26
Which type of power is most likely to be used in corruption?
Answer:
Explanation:
The abuse of power within the supply chain can be linked to corruption. If individuals with seniority favor one supplier over another, they can exercise their power to award the contract to whoever they wish. According to CIPS code of conduct, this is not acceptable.
According to French and Raven, there are five types of power (Legitimate power, Reward, Expert, Referent and Coercive), and these powers can most likely be used in corruption.
NEW QUESTION # 27
Create a list of assets of a company with which you're familiar and divide them into standard and bespoke categorizing.
Answer:
Explanation:
Name of company: Full power projects
Business: Project management training and consultancy
If an organization is sourcing an asset that is readily available or mass produced then the cost associated with the design and manufacturing will be lower percentage of the total cost than if an organization commissions a bespoke piece of equipment to be designed and manufactured.
The following are a list of assets owned by fullpower projects.
Standard/off the shelf (Mass produced)
Projector from a shop-displayed files and document jackets from market
Desks and furniture
Bespoke/specialist - white board and marker
With extra, e.g. made with company color
Gift/ sovereign (bags and T. shirt) with coup any label, color and design Refer to the question column for response
NEW QUESTION # 28
What is Iso 14001?
Answer:
Explanation:
14001 set out as international standards for an environmental management system.
NEW QUESTION # 29
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