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Mock exam available

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CIPS Procurement and Supply in Practice Sample Questions:

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

2. Which Incoterm applies here?
The supplier is responsible for delivering the goods directly onto the vessel that will transport them to their named destination. As soon as the goods are on the vessel, the risk transfers to the buyer

A) CIF - Cost Insurance and Freight
B) FOB - Free On Board
C) FAS - Free Alongside Ship
D) DAP - Cost and Freight

3. Describe one qualitative and one quantitative measures of social impact for an organization with which you are familiar.

4. What are the two types of damage clauses that can be created within a contract?

5. Describe a situation where amendment or an addendum would need to be created

Solutions: