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Reference: https://www.cips.org/qualifications/diploma-in-procurement-supply/def%C4%B1ning-business-need
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Robert is a senior buyer at MMC Construction Ltd. His company is doing multiple development projects in the country, which increases procurement workload significantly. Meanwhile, most of the tasks are handled manually, which causes bottlenecks in the workflows. The procurement team is overwhelmed by the workload and complains from other departments. From previous experience, Robert knows that electronic system may help his procurement team. He writes a business case to submit to the senior management, in which he insists on the possible productivity improvement by adopting e-system in procurement. Is Robert ' s action reasonable?
Correct Answer: A 🗳️
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A food manufacturer wants to predict the pricing point for a new and innovative health drink. Which method of market research would be beneficial to receive the most accurate information?
Correct Answer: D 🗳️
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Which of the following are the focuses of ISO 14001:2015?
Correct Answer: C 🗳️
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Gaskins Caskets (GC) is a manufacturing company that wants to identify new suppliers for a number of current parts. GC no longer has technical drawings for the parts and none of the engineers currently working for them have enough knowledge of the parts to write a specification. What could GC do to get accurate pricing from suppliers for these parts to compare to the existing parts?
Correct Answer: A 🗳️
Which of the following are advantages of zero-based financial budgeting?
Use of previous year figures
Emphasis on short-term planning
Budget treated as flexible
Focus on operational issues
Correct Answer: A 🗳️
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Commercial Negotiation
CIPS Supplier Relationships
Scope and Influence of Procurement and Supply
Procurement and Supply in Practice
Ethical and Responsible Sourcing
Defining Business Needs
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