A buyer is responsible for the procurement of metals within the raw materials department. The buyer is preparing for next year’s purchase orders and has been asked to confirm the month of order placement. The buyer has found three trends:
In January and April, the supplier's local currency is stronger
November typically has the lowest demand
May typically has the highest demand
Which month should the buyer plan to place the purchase order?
An organisation is keep to include Social Outcomes in it's assessment for Value for Money for a new tender. Which of the following should be considered?
Liquidity is a solvency measure which determines whether an organisation is able to pay its debt. Which of the following would you use to assess a supplier's liquidity? Select TWO.
Which of the following can be undertaken by the buyer in relation to the governance of a supplier's ethical and sustainable behaviours?
Review the insurance clauses in the contract
Check that the supplier's internal policies are up to date
Check the supplier's conflict of interest register for their contract
Review the non-disclosure agreement for their contract
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