Introducing Procurement And Supply [L2M1]

2y ago
653 Views
162 Downloads
761.48 KB
7 Pages
Last View : 12d ago
Last Download : 2m ago
Upload by : Rafael Ruffin
Transcription

CIPS Level 2 – Certificate in Procurement and SupplyOperationsIntroducing Procurement andSupply [L2M1]Sample Exam Questions (Objective Response)The correct answer will be listed below each questionL2M1 Sample Questions V4 Sept 2020

Q1. Which of the following is a definition of the term ‘supply chain’?a. The way in which information passes from user to procurement supplierb. The range of suppliers used by a procurement organisationc. The network of organisations and activities involved with the flow and transformation of goodsand servicesd. The types, frequency and organisation of deliveries to the end userLO: 1AC: 1.3Correct answer: CQ2. A primary aim of a procurement professional must be to achieve a.b.c.d.value for moneystock controlinventory managementoutsourcingLO: 2AC: 2.2Correct answer: AQ3. Drag and drop the correct option into the blank space.When defining the 5 rights of procurement and supply we should consider quality, quantity,source and price.,targettimetallytangentLO: 2AC: 2.2Correct answer: timeLearning outcome (LO) Assessment criteria (AC) The correct answer is listed below each question

Q4. Drag and drop the correct option into the blank space.is not just about achieving the lowest price, it is about an optimised combination of whole lifecosts and quality.just in timevalue for investmentcorporate social responsibilityvalue for moneyLO: 2AC: 2.2Correct answer: value for moneyQ5. Which of the following is a key part of a decision to outsource?a.b.c.d.Make or buyWin or loseBuy or sellPass or failLO: 3AC: 3.1Correct Answer: AQ6. Which of the following can be defined as completing a task competently, with minimal waste and in theshortest csLO: 5AC: 5.1Correct answer: ALearning outcome (LO) Assessment criteria (AC) The correct answer is listed below each question

Q7. Drag and drop the correct option into the blank space.Organisational reputation may be negatively affected by.shorter supply chainsgreater quality assuranceethical suppliersunethical suppliers an unethical supplierLO: 6AC: 6.1Correct answer: unethical suppliersQ8. Exploiting employees is an example of a.b.c.d.poor ethical practicesound business practicegood ethical practiceprogressive managementLO: 6AC: 6.1Correct answer: AQ9. Drag and drop the correct option into the blank space.The first four stages of the sourcing process are identify need,quotation.,request quotation, receiveagree costsproduce specificationraise purchase orderaward contractLO: 4AC: 4.1Correct answer: produce specificationLearning outcome (LO) Assessment criteria (AC) The correct answer is listed below each question

Q10. Customers are a.b.c.d.an example of an external stakeholder in the supply chainan example of an internal stakeholder in the supply chainnot considered to be part of the supply chainresponsible for the management of the supply chainLO: 3AC: 3.2Correct answer: AQ11. Costs that are directly attributable to the running of the end product or service are known as what?a.b.c.d.Capital costsOperational costsOpportunity costsIndirect costsLO: 1AC: 1.1Correct answer: BQ12. Julia worksemployed?a.b.c.d.for a company that buys in diamonds and creates jewellery. In which sector is JuliaPrimaryTertiarySecondaryQuaternaryLO: 1AC: 1.1Correct answer: CQ13. The end user of beneficiary of a product or service is best described as what?a.b.c.d.A customerA consumerA supplierA buyerLO: 1AC: 1.3Correct answer: BLearning outcome (LO) Assessment criteria (AC) The correct answer is listed below each question

Q14. What is the name given to the various levels of suppliers within a supply chain?a.b.c.d.TiersStagesStepsTradersLO: 1AC: 1.3Correct answer: AQ15. What is the terminology used whereby all associated costs of a procurement are taken intoconsideration?a.b.c.d.Total cost of buyingTotal cost of procurementTotal cost of purchasingTotal cost of ownershipLO: 2AC: 2.1Correct answer: DQ16. Why might an organisation decide to outsource?a.b.c.d.To reduce costsTo increase the number of employeesTo expand the size of the business premisesTo keep control of all functionsLO: 3AC: 3.1Correct answer: AQ17. Which of the following is a feature of a performance specification?a.b.c.d.Outlines what the product/service should doDetails what the product/service will be made up ofLess risk is placed with the supplierIs always more lengthy than a conformance specificationLO: 4AC: 4.1Correct answer: ALearning outcome (LO) Assessment criteria (AC) The correct answer is listed below each question

Q18. For many years Lynn has entrusted a strategic supplier to stitch her leather products that she then sellsonline across the world. Due to financial constraints Lynn has taken the decision to do the stitching herselffrom next month. What is the name of the process whereby Lynn will do something herself that used to becontracted to a supplier?a.b.c.d.OutsourcingOff shoringInsourcingIn shoringLO: 3AC: 3.1Correct answer: CQ19. What is the main purpose of issuing a pre-qualification questionnaire in procurement?a.b.c.d.To obtain the best priceTo engage with the most suitable suppliersTo achieve the lowest costTo engage with high volume producing suppliersLO: 4AC: 4.1Correct answer: BQ20. Drag and drop the correct option into the blank space.Helen wants to place a purchase order for a capital item (CAPEX). Helen’s research has shown that the itemwill cost 10,000. The maximum price Helen can place an order for is 7,500. She needs to speak to her linemanager because her level ofauthority is not high enough to conduct the task.delegateddepreciateddocumenteddeferredLO: 5AC: 5.4Correct answer: DelegatedLearning outcome (LO) Assessment criteria (AC) The correct answer is listed below each question

Introducing Procurement and Supply [L2M1] Sample Exam Questions (Objective Response) The correct answer will be listed below each question . Learning outcome (LO) Assessment criteria (AC) The correct answer is listed below each question Q1. Which of the following is a definition of the term supply chain [?

Related Documents:

Introducing Procurement and Supply [L2M1] Module purpose On completion of the module, learners will be able to identify the fundamental roles and activities, the systems, procedures, processes and contracts associated with the procurement and supply function. Module aim(s)

CORE Introducing Procurement and Supply (L2M1) 6 CREDITS CORE Stakeholder Relationships (L2M3) 3 CREDITS CORE Procurement and Supply Operations (L2M2) 3 CREDITS CORE Inventory, Logistics and Expediting (L2M5) 3 CREDITS CORE Systems Technology (L2M4) 3 CREDITS 11 Level 3or Level 4. CIPS Level 3* AdvancedFile Size: 783KB

CORE Introducing Procurement and Supply (L2M1) 6 CREDITS 2 HOURS CORE Procurement and Supply Operations (L2M2) 3 CREDITS 1 HOUR CORE Stakeholder Relationships (L2M3) 3 CREDITS 1 HOUR CORE Systems Technology (L2M4) 3 CREDITS 1 HOUR CORE Inventory,

Procurement Procedures Procurement 2.4 Procurement authority 38 2.5 Modification of individual procurement authority 38 2.5.1 Delegation of procurement authority 38 2.5.2 Delegation of procurement authority to UNFPA officers at headquarters 38 2.5.3 Delegation of procurement authority to field office managers 41

Strategic Procurement for Innovation Vassilis Tsanidis Dr.Jur f. National Expert on Innovation Procurement in the EU A. STRATEGIC PROCUREMENT –2 Innovation Procurement Green/Circular Procurement Social Procurement . 10-11-2020 2 EU Public Procurement Directives (2014/24 , 2014/25)

CIPS Level 4 Diploma in Procurement and Supply . Level 8, 3 Spring St, Sydney NSW 2000 Ph: 1300 950 251 E: info@academyglobal.com www.academyglobal.com Level 4 Diploma in Procurement and Supply The Level 4 Diploma in Procurement and Supply now consists of eight core modules of 6 or 12 units. This is the highest entry point to our diploma level qualifications. Developed using the Procurement .

Procurement For GoJ purposes, Public Sector Procurement is the acquisition of goods, services and works, by any method, using public funds, and executed by the Procuring Entity or on its behalf. Procurement Contract A contract between the Procuring Entity and a Broker/Insure resulting from procurement proceedings. Procurement Officer A person with the authority to conduct procurement .

ADVANCED ENGINEERING MATHEMATICS By ERWIN KREYSZIG 9TH EDITION This is Downloaded From www.mechanical.tk Visit www.mechanical.tk For More Solution Manuals Hand Books And Much Much More. INSTRUCTOR’S MANUAL FOR ADVANCED ENGINEERING MATHEMATICS imfm.qxd 9/15/05 12:06 PM Page i. imfm.qxd 9/15/05 12:06 PM Page ii. INSTRUCTOR’S MANUAL FOR ADVANCED ENGINEERING MATHEMATICS NINTH EDITION ERWIN .