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Ethical Procurement and Supply L5M5 Paper 3.
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Does the role of procurement managers play a crucial part in the successful eradication of fraud in the supply chain?
Identify the THREE components that are viewed as the foundational pillars of sustainability.
Identify the THREE components that are viewed as the foundational pillars of sustainability.
Select the TWO conditions that are often regarded as pre-requisites for fraud to manifest in the supply chain.
Which of the following best describes the characteristics of low-cost country sourcing?
In a scenario where a buyer considers both their own needs and those of the supplier, is the "accommodating" style the ideal conflict management approach? Let me know if you want further adjustments or clarification on conflict
The statement highlights a growing trend in globalization. What factors have contributed to this increase?
Which of the following are included in the demand management process?
Which performance objective enables an organization to adapt to varying customer demands and ensure satisfaction?
What is typically identified as the key motivator for the tiering of supply chains?
Which of the following is regarded as the leading cause behind the tiered structure of supply chains?
In the cultural web of an organization, which aspect is executives and senior management most likely to directly impact?
To safeguard its reputation, Hi-Fashion Brand (HFB) plans to engage only with suppliers who meet the Ethical Trading Initiative. The rationale behind this is that these suppliers are most likely to...
What challenges might arise when a buyer uses an external organization to perform sustainability audits?
- Agreeing clear terms for the audit
- Ensuring the auditor has full access
- Forcing supply chain partners to collaborate
- Obtaining quotations for the audit in advance
What are regarded as the core international labour standards from the following options?
- Freedom from casual labour
- Freedom from untrained labour
- Freedom from forced labour
- Freedom from discrimination
Is it generally acceptable for Major Construction International (MCI), as the primary contractor, to hire subcontractors for large-scale projects such as schools, shopping centres, and hospitals?
Can the CPO of an industrial equipment manufacturer effectively achieve a competitive advantage by adopting a global sourcing strategy?
How would applying Fairtrade standards help Ethical Coffee Shop (ECS) maintain consistency within its supply chains, particularly in light of recent media attention?
- Decent working conditions
- Product quality and flavour
- Supply risk avoidance
- Local sustainability
In which instance would the sustainability of supply over the long term be prioritized over short-term financial benefits?
What is the best approach for ensuring that a newly introduced ethics code is communicated effectively to all relevant parties in the supply chain?
Considering the significant risks involved, which of the following should be avoided when selecting a target for low-cost country sourcing?
1. A country where there are established political standards and economic stability
2. A country where there are incompatible legal regimes for handling contract disputes
3. A country where there are no established quality or human rights standards
4. A country that is remote geographically but with good transportation
routes
Can mapping the supply chain truly improve transparency regarding compliance with ethical and sustainable practices?
What might be the key driver for a large electronics manufacturer to strengthen its focus on sustainability to protect its supply chain?
What is the most likely benefit or reward ABC will gain from investing in sustainability practices and promoting them through advertising?
What are the warning signs that may suggest modern slavery is present in a supply chain?
- Workers being forced to work
- An organisation renting small accommodation
- Workers and staff receiving very low pay
- Roles requiring few qualifications
Which of the following tools can help procurement professionals analyze sustainability risks, contract linkages, and complexity, while also identifying areas for improvement?
- Macro environmental audit
- Supplier preferencing
- Portfolio analysis
- Supply chain mapping
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