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| Section | Objectives |
|---|---|
| Understand options for sourcing of requirements from suppliers | - Single, dual and multiple sourcing - Factors influencing sourcing decisions - Sourcing strategies and approaches - Insourcing vs outsourcing decisions |
| Understand compliance issues when sourcing from suppliers | - Regulatory and legal compliance - Global sourcing considerations and Incoterms - Codes of conduct and ethical standards - Ethical sourcing and corporate social responsibility (CSR) - Sustainability and environmental considerations - Modern slavery and human rights in supply chains - Anti-bribery and anti-corruption measures |
| Understand the key processes that can be applied to the analysis of potential external suppliers | - Supplier appraisal and evaluation methods - Supplier audits and due diligence - Use of Request for Information (RFI), Request for Proposal (RFP) and Request for Quotation (RFQ) - Financial analysis of suppliers - Risk assessment in supplier selection |
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NEW QUESTION # 76
Which beneficial outcomes would result from a procurement decision to change supply to alocal sourcefor a services contract?
Select TWO that apply.
Answer: A,B
Explanation:
Sourcing services locally can deliversocial and economic benefits, including the creation oflocal employment opportunitiesandeconomic stimulation within the community. Local suppliers often reinvest in the local economy, supporting regional development and social value objectives. While reduced environmental impact may occur, it is not guaranteed for services, and contract management requirements remain regardless of supplier location. Ethical and responsible sourcing encourages consideration of social value outcomes, particularly where procurement decisions can positively impact local communities and stakeholders.
Reference:CIPS L4M4 Ethical & Responsible Sourcing Study Guide (v2) - social value; local sourcing benefits.
NEW QUESTION # 77
Ramesh is an IT category manager within the UK's National Health Service and is responsible for the procurement of a new high-value network system, which will spread across multiple doctors' practices and community health centres. Ramesh has reviewed different tender approaches and concluded that the use of a restricted tender is the most appropriate. Which of the following statements is true for a restricted tender process?
Answer: C
Explanation:
In a restricted tender process, only pre-qualified suppliers are invited to bid, ensuring that participating suppliers have met necessary qualifications. This approach helps in managing high-value contracts by focusing on capable suppliers. Ethical and responsible sourcing in the public sector demands supplier pre- qualification to ensure compliance, transparency, and quality.
NEW QUESTION # 78
Which of the following can be undertaken by the buyer in relation to the governance of a supplier's ethical and sustainable behaviours?
* Review the insurance clauses in the contract
* Check that the supplier's internal policies are up to date
* Check the supplier's conflict of interest register for their contract
* Review the non-disclosure agreement for their contract
Answer: C
Explanation:
Regularly checking supplier policies and conflict of interest registers helps ensure that suppliers are upholding ethical standards, which supports responsible sourcing practices. This governance activity aligns with ethical guidelines to promote transparency and prevent conflicts that could affect the integrity of the supply chain.
NEW QUESTION # 79
A restricted tender process involves supplier selection. This process focuses on which of the following?
* Production capacity
* Decommissioning costs
* Total life cost
* Financial stability
Answer: A
Explanation:
Restricted tendering involves filtering suppliers through a prequalification stage and then evaluating proposals. The selection focuses on ensuring suppliers have adequate production capacity and financial stability to deliver on requirements. These are critical to continuity, quality, and risk management.
Decommissioning costs are not typically part of supplier selection, and total life cost is an award criterion considered later in evaluation. By checking production capacity and financial stability, buyers mitigate risks of underperformance or financial collapse. This approach aligns with responsible sourcing, where due diligence ensures suppliers can sustainably meet obligations.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implementation" - supplier qualification and restricted tendering.
NEW QUESTION # 80
Which of the following would be considered a strategic sourcing activity?
Answer: D
Explanation:
a factory ordering a new machine is the correct answer.
Strategic sourcing is for high value, high risk items. The other options given are tactical sourcing as they are low value (eggs, paper and plastic cups).
See p.3 for the differences between tactical and strategic sourcing
NEW QUESTION # 81
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