CORe Exam Dumps | A procurement specialist reviews a report from a financial agency about a potential supplier. The report

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Question 99/132

A procurement specialist reviews a report from a financial agency about a potential supplier. The report reveals that the supplier had a lien against some of its assets a few years ago, that the supplier has had several delayed payments over the last few months, and that the supplier's debt-to-equity ratio equals 2.0. Which of the following is the BEST course of action for the procurement specialist to take?

A. Inform senior management of the potential supplier's financial status

B. Exclude the supplier from the bidding process

C. Inform current suppliers about the potential supplier's financial status

D. Use the information in considering whether to qualify the supplier

Correct Answer: D

The best course of action for the procurement specialist to take is to use the information in considering whether to qualify the supplier. This approach involves evaluating the financial risks associated with the supplier while considering other factors such as their capability, quality, and delivery performance. This due diligence ensures that the procurement decision is informed and balanced, reducing the risk of future financial instability affecting supply chain operations.
References
* "Procurement and Supply Chain Management," Kenneth Lysons and Brian Farrington.
* "Financial Intelligence, Revised Edition: A Manager's Guide to Knowing What the Numbers Really Mean," Karen Berman and Joe Knight.

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