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L4M8 Procurement and Supply in Practice Questions and Answers

Questions 4

In relation to the case study ‘Walmart and H&M in spotlight regarding human rights in media ex-plain which human rights are not being granted to the workers.

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Questions 5

The supplier is responsible for delivering the goods to a named port or destination (such as an air-port or warehouse), as well as unloading them from the terminal from this point, risk passes to the buyer.

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A.

DAT – Delivered At Terminal

B.

DAP – Delivered At Place

C.

DP – Delivery Duty Paid

D.

FAS – Free Alongside Ship

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Questions 6

What are the 3Ps in the triple bottom line.

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Questions 7

Create a list of assets of a company with which you’re familiar and divide them into standard and bespoke categorizing.

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Questions 8

What information should be included on a purchase requisition?

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Questions 9

Using the case study about Toyata, which type of benchmarking Tada has used when comparing the Toyata with Porsche?

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Questions 10

Which theory relates to the 3Ps

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Questions 11

What is CSR policy?

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Questions 12

Explain why the behavior of an organization with which you are familiar could affect its business.

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Questions 13

Explain how procurement should decide whether to make or buy a product or service.

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Questions 14

What are five recognized types of modern slavery?

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Questions 15

Looking at stage 8 of the procurement and supply cycle, what does TCA mean?

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Questions 16

Describe three types of fraud that could occur within the supply chain of an organization with which you are familiar.

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Questions 17

Explain which company you would award the contract to base on the weighted score card in table below.

L4M8 Question 17

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Questions 18

What are the four methods that can be used to try to resolve dispute?

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Questions 19

What topics are covered within ethics?

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Questions 20

What is depreciation and deterioration?

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Questions 21

What is commissioning?

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Questions 22

Explain which factors should be considered when deciding the quantity of a product to order.

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Questions 23

Describe one implied term and one expressed term from a contract with which you are familiar.

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Questions 24

What are the 3Ps in the triple bottom line.

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Questions 25

Create a list of primary and secondary Data sources?

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Questions 26

What are the definition of a new buy and a modified re-buy?

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Questions 27

What are the reasons that a contract can legally be terminated?

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Questions 28

Describe four factors that could damage reputation within the supply chair

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Exam Code: L4M8
Exam Name: Procurement and Supply in Practice
Last Update: Dec 1, 2024
Questions: 192

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