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L4M4 Exam Dumps : Ethical and Responsible Sourcing

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Ethical and Responsible Sourcing Questions and Answers

Question 1

Ramesh is a procurement manager who is looking at his supplier base. He is pursuing a sourcing strategy with the aim of enabling logistical cost reductions. He has made the decision to scale-down his supplier base and purchase from one supplier.

Which type of sourcing arrangement has Ramesh began?

Options:

A.

dual

B.

multiple

C.

single

D.

sole

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Question 2

Yolo Inc. have recently run a tender opportunity to find a suitable supplier of yoyos and they have received a number of bids. The supplier will become a strategic partner to the business as yoyos are vital to the success to Yolo Inc. The tender asked for both price submissions and had a number of quality questions. Eamon is the Procurement Manager of Yolo Inc and is responsible for selectingthe most appropriate supplier. How should Eamon appraise the bids?

Options:

A.

evaluate the bids himself as this is a complex requirement

B.

evaluate the bids himself as this is a strategic purchase

C.

organise a cross-functional team to assess the bids as people from other departments may have important information and experience of yoyos

D.

organise a cross-functional team of procurement personnel as they will have experience in assessing price and quality of bids

Question 3

ABC Ltd works with supplier XYZ Ltd who uses a variety of subcontractors. ABC has recently learned of an ethical breach being committed by one of XYZ's subcontractors. What should ABC do?

Options:

A.

Recommend remedial action

B.

Seek compensation

C.

Terminate the contract

D.

Research alternative suppliers