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Ethical Procurement and Supply L5M5 Paper 3.
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Procurement managers always have a role to play in effective abolition of fraud in the supply chain. Is this statement true?
Which of the following are regarded as the pillars of sustainability? Select the THREE that apply.
Which of the following are regarded as the pre-condition for fraud in the supply chain? Select the TWO that apply.
Low-cost country sourcing is characterised with which of the following?
A buyer is seeking to use a conflict management style which takes into account its own concerns and those of the supplying organisation. Is ‘accommodating’ the right conflict management style to use in this situation?
Modern business environment has been recently characterised by increasing rate of globalisation and the need to acquire labour and resources from across the borders. This increase can be accounted to easiness of companies to expand into new territories due to formation of trading blocs and elimination of trade barriers. From the above statement, the increased rate of globalisation has been caused by which of the following?
Demand management process includes which of the following?
Which ONE of the following performance objectives allows an organisation to adapt to changes in customer demand in order to fulfil them satisfactorily?
Which of the following is perceived as the main driver behind supply chain tiering?
Effective discounted cash flow calculations are dependent on understanding which of the following?
There are various strands of influence that comprise an organisation's culture. Within this cultural web, executives and senior management are most likely to directly influence which of the following elements?
Hi-Fashion Brand (HFB) is a well-known clothing retailer. Its shops are in all major city centres and airports. Its CPO is concerned about reputational risk through the supply chain and has decided to consider only using suppliers that meet the Ethical Trading Initiative. This is because these suppliers are most likely to ...
Why can it sometimes be a challenge when using a third party organisation to conduct sustainability audits on the buyer's behalf?
- 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
Which of the following are regarded as core international labour standards?
- Freedom from casual labour
- Freedom from untrained labour
- Freedom from forced labour
- Freedom from discrimination
Major Construction International (MCI) takes on large scale building projects, for example schools, shopping centres and hospitals. MCI always assumes the role of primary contractor but often uses subcontractors to carry out work. Generally speaking, is this permissible?
A CPO of an industrial equipment manufacturer has decided to pursue a strategy of global sourcing to achieve competitive advantage for the organisation. Is this a valid approach?
Ethical Coffee Shop (ECS) operates a large network of coffee outlets around the world. ECS has benefited from changing consumer habits as increasingly people like to use coffee shops as a place to meet friends. It has invested in more outlets and is now recognised as one of the fastest growing consumer brands in the world. With this recognition comes the challenge of maintaining the highest ethical standards. Unfortunately, a TV documentary recently focused on ECS supply chains, which the media portrayed as 'being severely exploited for corporate and shareholder gain'. Applying fairtrade standards would help ECS to achieve consistency within supply chains in which of the following?
- Decent working conditions
- Product quality and flavour
- Supply risk avoidance
- Local sustainability
Which of the following is an example of where long-term availability of supplies would be more important than short term gains?
You are responsible for introducing a new ethics code into your supply chain. What is the most effective way of ensuring that this is communicated to all relevant parties?
Although low-cost country sourcing can offer significant benefits to a buyer in reduction of costs and savings, there are also significant risks. Which of the following should be avoided as a potential target for low-cost country sourcing?
- A country where there are established political standards and economic stability
- A country where there are incompatible legal regimes for handling
contract disputes
- A country where there are no established quality or human rights
standards
- A country that is remote geographically but with good transportation
routes
Mapping the supply chain will improve transparency of sustainable and ethical practice compliance. Is this TRUE?
A large electronics manufacturer that uses rare metals in its products has just announced it is to increase its focus on sustainability in order to safeguard its supply chain. In this context, which of the following could be seen be a main driver for this?
ABC is a market leading consumer products manufacturer. It has invested heavily in both sustainable practices throughout its supply chains and in its advertising materials to promote this to the market. Which of the following is most likely to be the reward for ABC of such an investment?
Which of the following are likely warning signs of modern slavery?
- 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 are tools that can be used by procurement professionals to evaluate the sustainability risk of contracts, their relative linkages, complexity and also help to identify potential improvements?
- Macro environmental audit
- Supplier preferencing
- Portfolio analysis
- Supply chain mapping
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