Key performance indicator, designed to monitor a small number of critically-important aspects of supplier performance, indicated within a contract or a service level agreement as part of a contract.
Question 2
‘Expediting’ is:
Options:
A.
Setting off for Nepal
B.
Taking an audit of warehouse stock
C.
Seeking approval for organisational expenditure
D.
Chasing up orders already placed
Answer:
D
Explanation:
Explanation:
Explanation
Expediting - a task, which in an ideal world would not normally need to exist - is seeking to ensure delivery is made in line with contract and / or organisational needs.
It has nothing to do with permission to spend, auditing, or preparing for an expedition.
Question 3
Where the buyer’s and seller’s conditions of contract clash, this is commonly known as ‘the battle of the…’
Options:
A.
Bulge
B.
Terms
C.
Firms
D.
Forms
E.
Papers
F.
Titans
Answer:
D
Explanation:
Explanation:
Explanation
Buyers should work hard to ensure that their terms and conditions apply to the contract between buyer and seller.
They should seek to win 'the battle of the forms'.