Amplifying Shared Value through Procurement
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Questions and Answers

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?

  • 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?

  • 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?

    <p>To build long-term relationships and promote cultural sensitivity</p> Signup and view all the answers

    What is the primary purpose of a competitive bidding process in selecting contractors?

    <p>To encourage fair competition among qualified sources</p> Signup and view all the answers

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