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CIPS Ethical and Responsible Sourcing L4M4 Question # 62 Topic 7 Discussion

CIPS Ethical and Responsible Sourcing L4M4 Question # 62 Topic 7 Discussion

L4M4 Exam Topic 7 Question 62 Discussion:
Question #: 62
Topic #: 7

Azram is a facilities category buyer within the UK police force and is managing an overseas sourcing project for police uniform and personal protective equipment. Azram is of the opinion that international sourcing will help deliver much-needed financial savings, which can be utilized in other areas of the UK police force. Azram is aware that exchange rate fluctuations can create risk for his organisation. How can Azram remove this risk?


A.

Evaluate international supplier’s financial accounts


B.

Carry out a competitive tender exercise


C.

Request to use the exchange rate applicable at the time of delivery


D.

Ask suppliers to quote in GBP Sterling


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