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Questions and Answers
What is one of the initiatives suggested to create shared value through procurement activities?
What is one of the initiatives suggested to create shared value through procurement activities?
- Bypassing the bidding process
- Exclusive contracts with multinational corporations
- International outsourcing strategy
- Local procurement and supplier diversity (correct)
How does Manulife IM aim to promote fairness in selecting third-party contractors?
How does Manulife IM aim to promote fairness in selecting third-party contractors?
- By implementing a competitive bidding process (correct)
- By awarding contracts without bids
- By only considering suppliers from specific regions
- By having a closed selection process
In what cases would Manulife IM not follow a competitive bidding process?
In what cases would Manulife IM not follow a competitive bidding process?
- When seeking bids from all qualified sources
- When encouraging local procurement
- When promoting fair competition
- When providing services directly (correct)
Why does Manulife IM prefer contracts from local and diverse suppliers?
Why does Manulife IM prefer contracts from local and diverse suppliers?
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What is the primary purpose of a competitive bidding process in selecting contractors?
What is the primary purpose of a competitive bidding process in selecting contractors?
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