L3M4 Exam Question 46

Tiger Rolls Bakery is a small local baker requiring a continuous supply of flour and butter for their products.
These items are in plentiful supply, due to the standardised nature of the items, they are bought regularly on a spot purchase approach from a range of market suppliers. Tiger Rolls Bakery has an electronic purchase order system that they use to place orders with the suppliers. On the back of each purchase order issued, Tiger Rolls Bakery includes a copy of their commercial contracting terms.
Which of the following describes the Tiger Rolls Bakery commercial contracting terms?
  • L3M4 Exam Question 47

    Continuous improvement - making small changes in operations and activities in a never-ending way - is called in Japanese:
  • L3M4 Exam Question 48

    Prior to circulating the service specification to a tendering supplier, it is good practice for the purchasing organisation to request completion of a non-disclosure agreement. Is this statement correct?
  • L3M4 Exam Question 49

    A publication which sets out how the buying organisation wishes to trade with suppliers, including, for example, standard terms and conditions of business, packaging and transportation requirements, as well as, for example, delivery requirements. This is called a:
  • L3M4 Exam Question 50

    Where there is transformational change coupled with a rapid rate of change ('big bang'), is this: