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CIPS Procurement and Supply in Practice Sample Questions:

1. Create a list of tangible, intangible, direct and indirect needs within an organization with which you are familiar.

2. Describe five types of contract terms that a procurement professional should create with a supplier when forming an agreement.

3. Describe five types of contract terms that a procurement professional should create with a supplier when forming an agreement.

4. Which Incoterm applies here?
The supplier is responsible for delivering the goods directly onto the vessel that will transport them to their named destination and must also cover the cost of this. The supplier bears all risks until the goods are delivered to the buyer at their named place.

A) CIF - Cost Insurance and Freight
B) DAP - Cost and Freight
C) FOB - Free On Board
D) AS - Free Alongside Ship

5. What is PQQ and what does it include?

Solutions: