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L4M4 ETHICAL AND RESPONSIBLE SOURCING EXAM 2024 QUESTIONS WITH COMPLETE SOLUTIONS!!
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L4M4 ETHICAL AND RESPONSIBLE SOURCING EXAM 2024 QUESTIONS WITH COMPLETE SOLUTIONS!!
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L4M4 ETHICAL ANDRESPONSIBLE
SOURCING EXAM 2024
QUESTIONS WITH
COMPLETE
SOLUTIONS!!
Evatee 8/28/24
L4M4 ETHICAL AND RESPONSIBLE
SOURCING
,L4M4 ETHICAL AND RESPONSIBLE SOURCING
EXAM 2024 QUESTIONS WITH COMPLETE
SOLUTIONS!!
What are two types of sourcing? Answer - Tactical/Operational
Strategic
Liquidity Ratios Answer - It's calculated by dividing the total current assets by
current liabilities.
(Current Assets + Inventory) / Current Liabilities
Tactical/Operational Sourcing Answer - 1. Low-level decision making
2. High Profit, Low-risk items
3. Short-term projects
4. Transactional relationships
Liquidity Ratios measure: Answer - If an organization gas suficient assets to
meets its liabilities. if A ratio of more than 2:1 means that is a desired ratio, the
business has more current assets than current liabilities.
Strategic Sourcing Answer - 1. Top level decision making
2. High profit, High risk items
3. Long-Terms projects
4. Collaborative relationships
, The acid test ratio Answer - Calculates the ability of an organisation to meet
current liabilities with current assets, excluding the value of inventories held.
(Current Assets - Inventory) / Current Liabilities
Aspects to represent Value for Money Answer - Price
Delivery
Quality
Ethics
Sustainability
Gearing ratio Answer - A measurement of how munch in long term debt and
organization has.
It's calculated by dividing long-term debt by shareholders' equity.
High gearing means a lot of long- term debt, which may present a risk,
especially when interest rates are rising.
Sourcing Process Answer - Identify the need
Define user requirements
Make or buy
Identify purchase type (new buy, modified rebuy, straight rebuy)
Carry out market analysis
Identify potential suppliers
Pre-screen suppliers and create a shortlist
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