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Which of the following are limitations of ratio analysis? Select TWO that apply: 

Klein worked as a procurement professional in the public sector for two years. He was responsible for sourcing and purchasing goods and services for various government projects. Due to some personal reasons, he moved to Charted A, a private company that provides consulting and engineering services. At his new company, he is assigned to be the procurement manager. He oversees the procurement process and ensures compliance with the company’s policies and standards. He had relationships with many competent suppliers in his previous company. He knew their capabilities, prices, and quality of work. In a tender at his current company, he invites them to submit bids. He thinks that they can offer the best value for money and meet the project requirements. Is Klein’s behaviour appropriate?

Roberto is running a tender in which his main concern is price. However he is keen to hear also about the companies' Corporate Social Responsibility Policies and how this will impact their delivery. Roberto is considering awarding the CSR question 4 points in a weighted point system. If he does this, what weight should be given to the price?

Which of the following should be embedded in international commercial contracts to avoid any misunderstanding and confusion regarding logistical issues? Select THREE that apply:

Faisal is a medical equipment maintenance services procurement specialist within a local hospital. Faisal is responsible for ensuring contracts are in place that will ensure operational continuity of high-value pieces such as radiology equipment. When carrying out tender opportunities for these services, Faisal will specify, as an essential requirement, that certain standards are adhered to. Which of the following is a benefit of incorporating standards as a requirement within a specification?