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WorksheetsL2M1 - CIPS
Total questions: 26
Worksheet time: 13mins
According to the procurement cycle, which activity precedes the 'research and evaluation of suppliers'
identifying the need
sending out RFQ or ITT
managing the contract
developing the specifications and defining terms
Which of the following is an example of a secondary business sector?
school
toyota
Price Waterhouse
kfc
In designing CSR policies, which element is considered in the Social framework ?
philanthropy
cultural and ethical diversity
sustainable resource management
reducing carbon footprint
Total cost of ownership includes which of the following considerations ?
storage cost
supplier cost
cost of late attendance
cost of structural damage
which is not one of the 5 rights of procurement
time
cost
price
knowledge
place
which combination reflects a service value chain?
economy - efficiency - effectiveness
economy- reliability - effectiveness
economy - efficiency- reliability
efficiency - economy
what is true about devolved procurement?
a specialist department buying a specific product range
its similar to centralised procurement
its similar to decentralised model where each department or sbu may buy their own goods and services
its the same as outsourcing
whats true about total cost of acquisition ?
it consists of all the cost associated with the acquisition of items only
it consists of all the cost of the item
its same as whole life costing
it consists of the cost of acquiring the item plus all other costs
which is not part of the 5 s of lean ?
sort in order
sustain
share
shine
procurement department's aim is to make the business cost effective. Which objective does not help here ?
adding cost
cross functional training
getting the best value
supplier management
which is not a method that can help increase cost savings?
value analysis / value engineering
subcontracting
fixed price contracts
economies of scale
which is not an advantage of sourcing overseas ?
improved quality
building international relationships
availability
reduced lead times
a task conducted within an organisation by its own workforce is called
offshoring
insourcing
outsourcing
sourcing
hiring a third party provider to perform a task you once did internally is called ..
insourcing
offshoring
outsourcing
contracting
which may not be a reason for sourcing products from external suppliers?
more expensive to produce products internally
organisation does not have the required expertise
significant cost to produce it internally
because the internal suppliers request that they do
Carter's C includes all but one of the following when evaluating a supplier (LO4)
control
communication
culture
collaboration
Which of the following isn't important for a contract to be established? (LO4)
offer and acceptance
having the mental capacity
consideration
having the knowledge about contracts
which is an example of Framework arrangements ? (L04)
blanket orders
long term agreements
implied terms
contracts
What legal aspect separates a framework agreement from a framework contract ? (LO4)
intention to create legal relation
consideration
offer and acceptance
obligations
what type of framework arrangements outlines unspecified amounts? (LO4)
Framework contracts
framework agreements
contracts
long term arrangements
which type of contract term don't need to be written ? (LO4)
expressed terms
implied terms
agreed terms
framework terms
which is not part of the post award process? (lLO4)
payment
goods receipt
source determination
order monitoring
Which is not one of CIPS code of conduct principles? (LO4)
high standards
integrity
professionalism
safety
Which of the following best describes procurement ?
The transactional process that involves the placing of orders , order follow ups and payment
The act of attaining something - from the identification of a need through to management and the review of the contract
The strategic process of moving materials or products from one supply chain participant to another.
The management and control of the flow of goods or services between two or more points.
In which type of procurement the assets depreciates ?
capita and revenue purchase
product purchase
indirect procurement
direct procurement
Whole life costing is also known as
life cycle cost
lifetime cost
total acquisition cost
product life cycle cost
