Latest Exam Prep

QUESTION 47
The formal appraisal of a current supplier, measured in terms of factors such as quality, timeliness of delivery, etc is known as:

QUESTION 48
OTIF stands for:

QUESTION 49
Which ISO standard describes quality as ‘the degree to which a set of inherent characteristics fulfils requirements’?

QUESTION 50
A single purchase agreement created to cover multiple repeat orders for supplies from a single source, is called a:

QUESTION 51
XXXX can be defined as ‘easy and timely access to information’, according to the Profex textbook for this subject. What is XXXX?

QUESTION 52
Lifetime costs are also known as (choose two):

QUESTION 53
A common term to describe an approach to settling contractual disagreements:

QUESTION 54
A margin within which a specification can vary slightly – the outer limits of what is acceptable to the buyer – can be described as:

QUESTION 55
You have recently moved into the procurement department at your company, having earlier worked in the finance area in the same company for five years. You have decided to set up home with your partner, and you will need additional money to buy furniture, furnishings, etc. A friend has offered you extra part-time work at weekends, helping serve meals in their small family restaurant. Do you:

QUESTION 56
The abbreviation ‘KPI’ stands for:

QUESTION 57
A term used to describe preparatory activities undertaken after a contractor has been appointed, but before they have commenced work. Often used in projects, construction or management consultan-cy

QUESTION 58
The act of secretly and illegally stealing funds which have been placed in the individual’s trust, or money belonging to a person’s employer:

QUESTION 59
‘Reputation gained through proficiency, ability or achievement’ (as used in the CIPS Code of Con-duct)

QUESTION 60
You work as a buyer for a large international corporation. You are currently involved in managing a high-value tender, and one of the potential bidders offers to take you to a horse-racing event, with all expenses paid. The offer is for you alone; not for colleagues in your organisation. What do you do?

QUESTION 61
‘The act of drawing the attention of someone in authority, to an alleged instance of unethical con-duct’, is called:

QUESTION 62
The axes on the Kraljic matrix are (select two):