Other than price, what should a buyer consider when evaluating supplier quotations?
Lead times
Add-on costs
Wastage rates
Past performance
Sourcing can be tactical or strategic. Which of the following might be classified withinstrategic sourcing?
Stakeholder meetings to review product design modifications
Open tendering to provide new office chairs
Evaluating quotations for the latest accounting software
Regular stationery orders for the managing director’s office
Mark is a category manager responsible for buying large pieces of laboratory equipment in the public (government) sector. Which of the following Incoterms would ensure that an overseas supplier is responsible for paying all delivery costs, including import duties and taxes for these goods?
In which instance would multiple sourcing be the most applicable approach?
A procurement manager has a new contract to award. They know there will be considerable interest from potential suppliers, as there are approximately twelve companies in the market. Which of the following is a benefit of using a full competitive tendering process for this new contract?
Rules regulating the type of goods and the volume that can be imported into a country or trade block are commonly known as what?
If a company is concerned with ethical sourcing and has concerns about issues such as corruption and modern day slavery within the supply chain, what course of action should they take?
Which of the following are key areas of regulations that govern organisations in responsible procurement and supply?
Philip is a procurement manager at XYZ Company which imports raw materials from abroad. Sup-pliers provide quotes to Philip in their local currency. Is this the best way to reduce the risk to XYZ Company of currency fluctuations?
The use of Incoterms will eliminate all risks involved in international trade transactions. Is this statement true?
