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| Section | Objectives |
|---|---|
| Topic 1: Understand options for sourcing of requirements from suppliers | - Sourcing strategies and approaches - Single, dual and multiple sourcing - Insourcing vs outsourcing decisions - Factors influencing sourcing decisions |
| Topic 2: Understand the key processes that can be applied to the analysis of potential external suppliers | - Supplier appraisal and evaluation methods - Financial analysis of suppliers - Supplier audits and due diligence - Risk assessment in supplier selection - Use of Request for Information (RFI), Request for Proposal (RFP) and Request for Quotation (RFQ) |
| Topic 3: Understand compliance issues when sourcing from suppliers | - Global sourcing considerations and Incoterms - Regulatory and legal compliance - Anti-bribery and anti-corruption measures - Ethical sourcing and corporate social responsibility (CSR) - Codes of conduct and ethical standards - Sustainability and environmental considerations - Modern slavery and human rights in supply chains |
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NEW QUESTION # 145
In the Public Sector, what is the evaluation criteria most often used when evaluating bids fromsuppliers?
Answer: B
Explanation:
Most Economically Advantageous Tender (MEAT) is the Public Sector's go to evaluation criteria.
NOTE that this is changing from October 2023. Public Sector Procurement is currently based on legislation called PCR 2015 which itself is based on EU Procurement Directives. Now the UK has officially Brexited, we're making our own laws and the new Procurement Bill will be coming into effect in November 2024. One of the major changes is that MEAT is changing to MAT (most ad-vantageous tender - without the economical bit).
If you're sitting this exam until July 2024- you're fine- learn what the study guide says. If you're taking the exam from November 2024 I'm not sure what students are expected to do. The entire section on public sector procurement is incorrect for you. My best guess is CIPS may remove questions this section as the study guide will be wrong, but I really don't know how they plan to handle this.
The new Procurement Bill - MEAT to MAT - Hempsons - Hempsons
NEW QUESTION # 146
You have been asked to purchase 500 pens of a specific brand. You decided to use a weighted points system for assessment of proposals. Is this approach appropriate?
Answer: D
Explanation:
For low-value, routine purchases where price is the primary consideration, employing a weighted points system may not be necessary. Such systems are more suitable for complex procurements where multiple factors, such as quality, delivery, and sustainability, need to be evaluated alongside price. In the case of purchasing standard items like pens, a straightforward price comparison is typically sufficient.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 2.3.2: The use of weighted points systems for assessment
NEW QUESTION # 147
Which models would be appropriate for analysis of the supply market?
* Porter's Five Forces
* Porter's Value Chain
* STEEPLED
* Ishikawa Fishbone
Answer: D
Explanation:
Porter's Five Forces and the STEEPLED model are valuable tools for analyzing supply markets. These models help identify external pressures and market dynamics, supporting responsible sourcing by enabling buyers to understand and respond to market influences effectively.
NEW QUESTION # 148
A company has actively included supporting of disadvantaged groups within their ESG commitment. Which of the following groups are considered disadvantaged?
Answer: B
Explanation:
Pregnant women and children are considered 'disadvantaged' by the UN. The other groups the UN call disadvantaged include; the elderly, the immunocompromised, those with disabilities and those living in poverty. This is the list given in the study guide.
A company could help disadvantaged groups in several ways. Firstly by offering employment (obviously not to the children). It could also include helping these groups as part of a Social Value out-come or community benefit scheme.
NEW QUESTION # 149
Why do tenders often have longer timescales in the public sector when compared with those of the private sector?
Answer: A
Explanation:
Public sector procurement is governed by specific regulations that stipulate minimum timescales for various stages of the tendering process. These regulations are designed to ensure transparency, fairness, and adequate time for suppliers to prepare their bids. For instance, under the Procurement Act 2023, certain procedures have defined minimum periods for tender submissions to allow sufficient time for supplier participation.
Exact Extract from Study Guide:
"Public sector procurement is subject to specific regulations that dictate minimum timescales for tendering processes to ensure fairness and transparency."
NEW QUESTION # 150
......
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