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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Strategic Sourcing and Category Management | 20-25% | - Strategic sourcing process - Spend analysis techniques - Supplier segmentation and criticality analysis - Category segmentation |
| Topic 2: Procurement Process and Procedures | 25-30% | - Contract award criteria - Procurement cycle stages - Purchase ordering and goods receipt - Requirements gathering and specification - Supplier selection methods |
| Topic 3: Ethical and Sustainable Procurement | 15-20% | - Supply chain transparency - Corporate Social Responsibility (CSR) - Environmental sustainability in procurement - Ethical sourcing considerations - Modern slavery and fair trade |
| Topic 4: Supplier Relationship Management | 20-25% | - Supplier relationship types - Partnership and collaboration models - Risk management in supplier relationships - Supplier performance measurement (KPI, scorecards) - Supplier development and improvement |
| Topic 5: Practical Application Scenarios | 15-20% | - Case study analysis - Problem-solving and decision-making - Applying theory to real-world procurement situations - Recommendation and justification skills |
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NEW QUESTION # 107
How does positive social impact present itself?
Answer:
Explanation:
Organizations which display good behavior create a positive social impact. The community in which they are based and to which they supply will benefit from the following.
1. High employment
2. Fair wages
3. low pollution
4. sustainable resources
5. Engagement and movement with local organization
NEW QUESTION # 108
What are the four stages of decommissioning?
Answer:
Explanation:
See the answer in explanation.
Explanation:
When a fixed asset reaches the end of its life, it requires decommissioning before reconditioning or disposal.
Decommissioning is to observe all the safety measures and technical procedures and stop active machinery or an asset from operation (example gas plan, generator, transformer etc.
Decommissioning process include the following aspect
1) Preparation: Plan the process
2) Dismantle: Take the asset apart and remove hazardous waste
3) Processing: make safe any hazardous waste
4) Disposal: Ensure paper work is received to confirm removal and disposal
NEW QUESTION # 109
Why is it important to keep ethical codes of practice up to date?
Answer:
Explanation:
A code of ethics is a set of morals and principle set out by an organization to state what it deems to be acceptable conduct and behavior An ethical code of practice is a continually changing and developing document with society changing and different suppliers coming to market, the document has to remain current Suppliers should continually monitor their codes of ethics to ensure that;
1. They are looking after the interest of the supply chain
2. That potential customers can be reassured that they are conforming to the required regulation, e.g. ISO
14001.
Ethical code of conduct should be constantly monitored and updated in accordance with the changes organization faces. This include 1) Define (2) prevent (3) detect (4) reprove (5) evaluate.
NEW QUESTION # 110
What are the four quadrants within the Kraljic portfolio matrix?
Answer:
Explanation:
At the early stages In procurement and supply cycle, buyers begin segmenting current supplies in the categories, depending on their level of integration into the organization. To help get this done, the buyer may use the Kraljic portfolio matrix. The kraljic portfolio matrix segment suppliers into four categories, which are;
1) Routine 2) Bottleneck 3) Leverage 4)strategic supplier
NEW QUESTION # 111
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 # 112
......
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