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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Ethical and Sustainable Procurement | 15-20% | - Environmental sustainability in procurement - Ethical sourcing considerations - Corporate Social Responsibility (CSR) - Modern slavery and fair trade - Supply chain transparency |
| Topic 2: Supplier Relationship Management | 20-25% | - Risk management in supplier relationships - Supplier development and improvement - Partnership and collaboration models - Supplier performance measurement (KPI, scorecards) - Supplier relationship types |
| Topic 3: Procurement Process and Procedures | 25-30% | - Contract award criteria - Purchase ordering and goods receipt - Supplier selection methods - Procurement cycle stages - Requirements gathering and specification |
| Topic 4: Practical Application Scenarios | 15-20% | - Case study analysis - Problem-solving and decision-making - Recommendation and justification skills - Applying theory to real-world procurement situations |
| Topic 5: Strategic Sourcing and Category Management | 20-25% | - Supplier segmentation and criticality analysis - Category segmentation - Spend analysis techniques - Strategic sourcing process |
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NEW QUESTION # 65
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 # 66
What two areas of an organization do the Kraljic Portfolio matrix uses to establish the category of a product or service?
Answer:
Explanation:
The Kraljic Portfolio Matrix shows where a product or services fits into in an organization. It is based on two areas 1) the risk of supply (Risk Impact). 2) Effect it has on profit (cost impact).
NEW QUESTION # 67
Describe two ways in which an organization with which you are familiar could use continuous im-provement as part of whole life asset management.
Answer:
Explanation:
Continuous improvement relates to removing waste from the supply chain and improving processes to increase efficiency within whole life asset management in a full power project (a flour producing firm) can benefit from continuous improvement in the following ways;
1) Reduce cost of spears by recondition parts, instead of disposing them out rightly.
2) Can reduce down time by conducting routine maintenance after hours.
3) Can reducing accident by up skilling operators on safety
4) Can reduce waste oil by following owner's manual instead of relying on experience.
5) Create efficiencies by operating a 24/7 shift pattern.
NEW QUESTION # 68
What matrix helps to define how to manage stakeholders?
Answer:
Explanation:
Stakeholders are individuals or organizations who are directly affected by a decision for example, community, shareholders, employees, suppliers, distributors, customers etc. stakeholders can be internal (employers, staffs), connected (such as suppliers, shareholders, financers and customers) external (Government, pressure groups, and community).
The matrix that helps define how to manage stakeholders is mendelow's stakeholders manage-ment matrix.
This matrix is based on the theory that the level of management stakeholders require depends on the level of their power and interest within the project or organization The matrix groups stakeholders in to four quadrants according to their power and interest and ad-vice how to manage them.
1) Low power - Low interest (minimum effort)
2) Low power - High interest (keep inform)
3) High power - Low interest (keep satisfied)
4) High power - high interest (manage closely)
* Refer to the question column for response
NEW QUESTION # 69
Explain how procurement should decide whether to make or buy a product or service.
Answer:
Explanation:
See the answer in explanation.
Explanation:
Make or buy decision are about whether a products or services should be made within the organization or bought-in from an external supplier.
For a procurement professional to establish which method (make or buy) offers the best value, the item in question must be thought through if it is core to the organization and which option will add more value to the organization, as regards achieving its strategic goals. If it is core the procurement professional decide to make it and if it is not core the product or services can be bought in.
* Refer to the question column for response
NEW QUESTION # 70
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