Answer to Question #178775 in Economics for Lutendo

Question

L4M8 November exam

1. The contract to supply braking system between a supplier and a jet manufacturer is coming to an end. The braking system cost forms a large portion of the manufacturer’s direct cost. The new procurement manager identifies that there are a range of suppliers from Europe, America and Southeast Asia are able to supply the system. Identify and explain the key stages of an appropriate tendering process for this scenario.

2. The question #2 has two parts:

a. Identify the financial data that .

4. A company does not have separate procurement department. All of the purchases are undertaken by technical and financial department. Now the company is expanding its business. The board of directors agrees to establish a new procurement department. List FIVE focus areas of CIPS Code of Conduct and explain its application in the scenario.

Answer 1

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