L4M4 Exam Question 106

A procurement manager who works in the public sector has received 8 submissions to a tender op-port unity that was advertised on OJEU. The average price submission for the contract was £1m but one supplier has submitted a price of £200,000, which the procurement manager has identified as being 'an abnormally low tender'. What should be the procurement manager's course of action?
  • L4M4 Exam Question 107

    A buyer has been tasked with placing an order for steel from another country and using Incoterms for delivery. The buyer's organisation has an in-house transportation and export clearance department. During negotiations, the buyer achieved a 25% cost reduction by accepting responsibility for loading, transportation, and export clearance. Which Incoterm has been agreed?
  • L4M4 Exam Question 108

    Which of the following should be conducted during the analysis of tender responses?
    * Produce a report on each submission
    * Review the pre-qualification questionnaire
    * Check the arithmetical accuracy of each tender
    * Evaluate the market dynamics
  • L4M4 Exam Question 109

    Which of the following information can facilitate international imports and exports?
    * Product quality statistics
    * Certificate of origin
    * Purchase order
    * Supplier financial position
  • L4M4 Exam Question 110

    Zeb is a Procurement Manager at Zig Zag Zips manufacturing. The organisation has a complex supply chain and works with 46 different suppliers, many of these international. Which of the follow-ing would be the most useful for Zeb to address issues of Modern Slavery?