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CIPS Procurement and Supply in Practice Sample Questions:

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

2. Describe five types of contract terms that a procurement professional should create with a supplier when forming an agreement.

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

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

5. Describe three ways that hidden cost could present themselves within the logistics operation

Solutions: