Corruption Risks in Supply Chains for Procurement Professionals
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Questions and Answers

What is a key strategy for combating corruption in supply chains?

  • Implementing opaque payment processes to maintain confidentiality
  • Offering incentives to employees for reporting corrupt activities
  • Outsourcing procurement processes to third-party vendors
  • Conducting rigorous due diligence on suppliers and partners (correct)

Which of the following is NOT an effective strategy for combating corruption in supply chains?

  • Providing compliance training to employees and partners
  • Establishing mechanisms for continuous monitoring and reporting
  • Implementing transparent procurement and payment processes
  • Relying solely on third-party audits to identify corruption risks (correct)

What is the role of a procurement professional in identifying corruption risks within supply chains?

  • Streamlining procurement processes to reduce operational costs
  • Negotiating favorable pricing and contract terms with suppliers
  • Thoroughly analyzing supply chains to pinpoint legal risks and liabilities (correct)
  • Conducting market research to identify potential suppliers

Which of the following is NOT mentioned as a strategy for combating corruption in the given text?

<p>Implementing strict sanctions and penalties for corrupt activities (D)</p> Signup and view all the answers

What is essential for mitigating corruption risks in supply chains?

<p>Establishing comprehensive compliance procedures across the supply chain (D)</p> Signup and view all the answers

Which of the following is NOT mentioned as a strategy for fostering a culture of integrity in supply chains?

<p>Implementing performance-based incentives for ethical behavior (C)</p> Signup and view all the answers

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