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Polygon Incorporated is a new company in the mining industry, which often gets bad press due to issues of sustainability. Which of the following should Polygon Incorporated consider when developing sustainable business practices?
See the explanation below.
The three pillars of sustainability are profit, people and planet. This may also be referred to as social, economic and environmental.
What is a risk of pre-warning a supplier that you will conduct an audit of their facilities?
See the explanation below.
A risk of pre-planning an audit is the supplier has time to prepare for it. It's a good thing in that they can get their paperwork in order but the downside is they can overprepare so you don't get a realis-tic representation of what they're doing. One way they can do this is coaching staff in what to say to the auditors.
Which of the following are signs that modern-day slavery might be taking place within the supply chain? Select THREE.
See the explanation below.
The correct answers are; suspiciously low labour costs, workers living on site and poor quality products (as this signals that the workforce may be unskilled).
A low score on the CPI is a good thing (high scores are more likely to signify slavery concerns) and just because someone speaks English as a second language doesn't mean you automatically need to be suspicious. That would be prejudice.
According to the CIPS code of conduct, which laws should a procurement professional adhere to?
See the explanation below.
The CIPS Code of Conduct says to adhere to all laws of countries in which I practice. So if you're in the UK and procure stuff from China, you need to abide by both UK and Chinese laws, not just UK laws.
There's no international procurement laws- these are all different for different countries.
ILO doesn't publish laws.
Bribery is considered an unethical business practice. What constitutes a bribe?
See the explanation below.
A bribe is anything that is of value to the recipient. It's commonly money, but could also be an item such as a car, or doing someone a favour such as hiring their son.
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