Within a supplier's terms and conditions, they have a 'mutual termination for convenience' clause, which requires either party to provide 30 days' notice. Before the buyer signed the agreement, a procurement colleague recommended that the buyer should request this be amended to 90 days' notice. Was this amendment the correct thing to do?

• A.Yes, as this will allow the buyer enough time to mobilize a new contract
• B.Yes, as the buyer will then be responsible for providing additional business to the supplier
• C.No, as this will be in breach of statutory contract law requirements
• D.No, as this will guarantee a hostile end to the buyer-supplier relationship

Comment: *

Name: *

Email: *

Verification: *

Which of the following statements is an advantage to the buyer of early supplier involvement? Select the THREE that apply.

• A.Clarity of roles and responsibilities
• B.Shared expertise for problem solving
• C.Improved understanding of seller capabilities
• D.Lower development costs
• E.Low costs of switching suppliers
• F.Supplier pre-qualification expertise

Comment: *

Name: *

Email: *

Verification: *

George is running a competition to find a supplier to install solar panels on the roof of his factory. The energy this produces will power some of the machines. Cost is an important factor, but there are also other considerations that are important such as how long the solar panels will last, and the maintenance costs if they ever break. What should George do?

• A.Use a weighted award criteria
• B.Only invite suppliers he knows will be able to provide good quality products which won't break
• C.Run a separate tender for a company who can provide reactive maintenance to the solar panels
• D.Evaluate the bids on price only as this is an important factor

Comment: *

Name: *

Email: *

Verification: *

What are service credits?

• A.A type of payment where goods are delivered before payment is made
• B.A mechanism for performance management where the buyer has the right to deduct money from payments owed for under performance
• C.When a buyer makes a purchase on credit
• D.A clause in a contract that allows for additional bonus payments for meeting KPIs

Comment: *

Name: *

Email: *

Verification: *

The use of technical jargon can result in what?

• A.Misunderstanding
• B.Lack of trust
• C.Increased price
• D.Lack of transparency

Comment: *

Name: *

Email: *

Verification: *