Pass CIPS L4M8 PDF Dumps Recently Updated 106 Questions [Q42-Q66]

QUESTION 42
Explain with examples three differences between offers and invitation to treat.

QUESTION 43
Write down a list of assets that belong to an organization with which you are familiar.

QUESTION 44
What are the four methods that can be used to try to resolve dispute?

QUESTION 45
Create a list of tangible, intangible, direct and indirect needs within an organization with which you are familiar.

QUESTION 46
What does the acronym SMART stand for?

QUESTION 47
When benchmarking what other factors, apart from price should be considered to find the total cost of acquisition?

QUESTION 48
Use the balance sheet below to work out the correct ratio for coffee Time and explain whether the company appears to have enough assets to cover it liability.

QUESTION 49
What Incoterm applies here?
The supplier is responsible for delivering the goods to a carrier or to an intermediate agreed place. From this point, the buyer is responsible for ensuring these goods reach their named destination.

QUESTION 50
Explain why the behavior of an organization with which you are familiar could affect its business.

QUESTION 51
Using the case study about Toyata, which type of benchmarking Tada has used when comparing the Toyata with Porsche?

QUESTION 52
Which sector most frequently uses invitation to tender?

QUESTION 53
What are the two options for the disposal of an asset if resale is not possible?

QUESTION 54
Explain how a lack of understanding of a global supplier’s culture and ethical behavior could cost buying organization money.

QUESTION 55
Describe three ways in which a supplier could improve the effect its company has on the environ-ment.

QUESTION 56
What is depreciation and deterioration?

QUESTION 57
Explain the difference between bonded and forced labor.

QUESTION 58
What is CSR policy?

QUESTION 59
What happens in the public sector, regarding providing feedback?

QUESTION 60
Explain the concept of the 3Ps/TBL and how it can be used by an organization.

QUESTION 61
Looking at stage 8 of the procurement and supply cycle, what does TCA mean?

QUESTION 62
Which contract term contains details of when a product or service should be delivered and ex-plained the potential loss of business?

QUESTION 63
Explain which factors should be considered when deciding the quantity of a product to order.

QUESTION 64
What are the four quadrants within the Kraljic portfolio matrix?

QUESTION 65
Explain why you think quality should be investigated before working with potential supplier?

QUESTION 66
Explain which company you would award the contract to base on the weighted score card in table below.