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CIPS Procurement and Supply in Practice Sample Questions:
1. Which Incoterm applies here?
The supplier is responsible for delivering the goods to a carrier or to an intermediate agreed place and should ensure that the goods have at least minimal insurance cover until this point. Again, the buyer is responsible for ensuring these goods reach their named destination from here.
A) CPT - Carriage Paid To
B) FCA - Free Career
C) CIP - Carriage and Insurance Paid to
D) EXW - Ex Works
2. Why do some specifications need to adapt?
3. Describe three ways that hidden cost could present themselves within the logistics operation
4. Describe a current or recent trade war of which you are aware and explain the implication it has for world trade.
5. Describe the seven stages of the Tender Process and explain the reasons why the stages must be followed.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: Only visible for members | Question # 3 Answer: Only visible for members | Question # 4 Answer: Only visible for members | Question # 5 Answer: Only visible for members |
