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| Section | Objectives |
|---|---|
| Topic 1: Risk, Ethics and Sustainability | - Procurement risk management
|
| Topic 2: Procurement Process and Sourcing | - Supplier selection and evaluation
|
| Topic 3: Procurement and Supply Context | - Role of procurement in organisations
|
| Topic 4: Procurement Technology and Innovation | - Digital procurement tools
|
| Topic 5: Contracting and Legal Principles | - Contract management
|
| Topic 6: Supplier Relationships and Performance | - Performance improvement
|
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NEW QUESTION # 13
Explain which company you would award the contract to base on the weighted score card in table below.
Answer:
Explanation:
A weighted score card is a tool with a systematic and a fair process for selecting supplier, based on predetermined criteri a. This tool can help make the decision by presenting a fair display of how all suppliers did in the process. The values of these weights are based on their importance. The supplier with the highest score card is considered the most suitable to be awarded the contract.
In the table above, cost is considered more than all other criteria. Contract length is the lowest which is weighted 2 Base on the weighted score card as presented above, company B scored 78 while company A and company C scored 65 and 63 respectively.
Company A, having scored the highest (78) should be awarded the contract.
*
Refer to the question column for response
NEW QUESTION # 14
What are the reasons that a contract can legally be terminated?
Answer:
Explanation:
See the answer in explanation.
Explanation:
A contract is written or verbal agreement, made between two or more parties that are legally en-forceable. 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, there must be an acceptance of the offeror's offer by the offeree.
There are many reasons contract can legally be terminated, including non-performance by one or both parties, a significant change in the requirement.
There are several reasons contract can legally be terminated, including non-performance by one or both parties; breach of material, failure to meet service level agreement, ethical breaches, a significant change in the requirement of either party caused by ethical change in the market, change in Demand, obsolescence, contract completion. The procurement professionals should get an exit strategy that should encourage a stress free disengagement should incase there are no profitable reason to continue with the contract.
* Refer to the question column for response
NEW QUESTION # 15
Research the ethical standard or accreditation of an industry with which you are familiar.
Answer:
Explanation:
If a supplier is accredited or is a member of an association that promotes good ethical conduct, a statement to this effect is likely to be featured on its company documentation. This could be in a form of letters after the organization name or the authorized use of logo.
Accreditation information should be verified by procurement professionals either asking organiza-tion for certification to prove membership or accreditation or checking on a professional register.
Below are associated bodies that form some industries.
1. ISO 14001 - for quality management
2. CIPS - for procurement and Supply
3. Red Tractor - NGO Registered in the UK, promoting human right
4. Amnesty International - human right
5. Carbon Trust - For Carbon neutral status.
* Refer to the question column for response
NEW QUESTION # 16
What information should be included on a purchase requisition?
Answer:
Explanation:
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 # 17
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 # 18
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