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NEW QUESTION 21
Which of the following documents would you expect a supplier to submit as part of a Request for Proposal? Select THREE

A. Method StatementsB. Risk AssessmentsC. Liquidity RatioD. Full pricing informationE. Gearing Ratio

Answer: A,B,D

Explanation:
You would expect a supplier to submit full pricing information, risk assessments and method statements. However, depending on what you're procuring, you might not need to see risk assessments or method statements. Liquidity and Gearing may be looked at during the Pre-Qualification stage, but wouldn't form part of a RFP. See p.76

 

NEW QUESTION 22
Pablo has run an open- competition to secure a new contract for a supplier of paper for his Birthday Card making company. He has received 10 submissions from various suppliers and needs to put a team together to evaluate the bids. What type of team should Pablo consider?

A. A team composed of internal stakeholdersB. A team composed of internal and external stakeholdersC. A team of procurement expertsD. A cross-functional team

Answer: D

Explanation:
Pablo should use a 'cross-functional team'. CIPS love 'cross-functional teams' and refer to them frequently throughout the study guide. A cross-functional team is people from different departments who come together for a purpose, such as to evaluate a tender. The benefit of using a cross-functional team is that you get people with different experiences and knowledge. So in this example a Cross-Functional team could compose of people from various departments such as procurement, logistics, manufacturing and legal. P.76

 

NEW QUESTION 23
Francisco has entered a partnership with Pedro, who is a key supplier, and wants to ensure that the partnership achieves all of Francisco's goals. As well as qualitative and quantitative KPIs, what other measures could Francisco take to ensure the partnership is a success?

A. Threaten the supplier with termination if he underperformsB. Do frequent appraisals on the supplierC. Ensure there is a damages clause in the contractD. Conduct regular audits

Answer: D

Explanation:
The correct answer is 'Conduct regular audits'. This is explained on p.153. You wouldn't do an appraisal on a supplier in a partnership relationship as both parties are equal. Threatening a partner isn't good for the relationship and a damages clause would be used in a contractual relationship rather than a partnership.

 

NEW QUESTION 24
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