CORRECT TEXT

CORRECT TEXT Research the ethical standard or accreditation of an industry with which you are familiar.View AnswerAnswer: If a supplier is accredited or is a member of an association that promotes good ethical conduct, a statement to this effect is likely to be featured on its company documentation. This could...

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What Incoterm applies here?

What Incoterm applies here? The goods are considered ‘delivered’ at the point of release from the supplier’s premises or another name place. The supplier is not responsible for loading or transporting the goods and does not have to arrange export clearance C this must be arranged by the buyer. The...

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CORRECT TEXT

CORRECT TEXT Describe five types of contract terms that a procurement professional should create with a supplier when forming an agreement.View AnswerAnswer: Terms are the right and duties agreed which are then documented in a contract. Five types of con-tract terms that a procurement professional should create with a supplier...

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

CORRECT TEXT Using the case study about Toyata, which type of benchmarking Tada has used when comparing the Toyata with Porsche?View AnswerAnswer: Benchmarking is the process of comparing a function, process or performance with another which is best-in-class. Benchmarking is either internal or external. External benchmarking has three types; 1)...

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What are five recognized types of modern slavery?

CORRECT TEXT What are five recognized types of modern slavery?View AnswerAnswer: Modern slavery is against ethical and responsible sourcing. Modern slavery is one of the areas to understudy for procurement professionals to carry out ethical and responsible sourcing and this is recognized in five ways.

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CORRECT TEXT

CORRECT TEXT Explain why it is deemed better to use Sea freight rather than airView AnswerAnswer: It would be rare to find a supplier who does not emit any form of pollution. However, part of ethical and responsible sourcing is to make effort to reduce impact of population on the...

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CORRECT TEXT

CORRECT TEXT Research the ethical standard or accreditations of an industry with which you are familiarView AnswerAnswer: If a supplier is accredited or is a member of an association that promotes good ethical conduct, a statement to this effect is likely to be featured on its company documentation. This could...

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