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CIPS Procurement and Supply in Practice Sample Questions:

1. What are the definition of a new buy and a modified re-buy?

2. Explain why risk should be evaluated prior to the disposal of any assets.

3. What Incoterm applies here?
The supplier is responsible of placing the goods in the hands of a chosen carrier by the buyer, at which point the buyer takes on the risk.

A) CPT - Carriage Paid To
B) EXW - Ex Works
C) FCA - Free Career
D) CIP - Carriage and Insurance Paid to

4. What effect is technology having on jobs within an organization with which you are familiar with?

5. The supplier is responsible for delivering the goods to a named port or destination (such as an air-port or warehouse), as well as unloading them from the terminal from this point, risk passes to the buyer.

A) FAS - Free Alongside Ship
B) DAT - Delivered At Terminal
C) DAP - Delivered At Place
D) DP - Delivery Duty Paid

Solutions: