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Page: 5 / 6
Question 20

The time between recognition / origin of the need; through to usage or consumption is described as:

Options:

A.

User’s view of lead time

B.

Seller’s lead time

C.

Maker’s lead time

D.

True lead time

E.

Procurement lead time

Question 21

Finding new potential suppliers using the internet might be known as:

Options:

A.

e-sourcing

B.

e-scouring

C.

e-souring

D.

e-auction

Question 22

We can talk about the ‘make, do or XXXX decision’. XXXX represents:

Options:

A.

Buy

B.

Procure

C.

Lease

D.

Build

Question 23

KPIs should be:

Options:

A.

START

B.

SMART

C.

SWART

D.

SHARP

Page: 5 / 6
Exam Code: L3M2
Exam Name: Ethical Procurement and Supply
Last Update: Dec 22, 2024
Questions: 90
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