CIPS Bundled Exams Questions and Answers Multiple Versions (2024/2025) (Complete and Accurate)

L4M4 - Chapter 1 Questions and Answers Graded A+ What is Tactical sourcing? Low level decision making High profit, low risk items Short term projects Transactional relationships What is Strategic sourcing? Top level decision making High profit, high risk items Long term projects Colla...

CIPS L6M8 - Innovation in Procurement and Supply Latest 2024 Graded A+ Supply chain integration Supply chain integration requires the procurement professional to develop strategic collaboration with key supply chain partners and understand customer requirements. Behaviours to enhance innova...

CIPS L4M2 2.1 Analyze Different Markets 100% Solved Factors to analyse in different segments (5) 1 Objectives 2 Drivers 3 Governance 4 Ownership 5 Commodity/non commodity Different segments types (4) Product or service Buyers Distribution Geography 6 types of markets Construction ...

CIPS L4M4 LO1 QUESTIONS AND ANSWERS 100% PASS What is sourcing? Sourcing is the location, acquisition and management of all the vital inputs required for an organisation to operate. What is tactical/operational sourcing? Low-level decision making High profit, low risk items Short-term pr...

CIPS L4M1 Scope and Influence of Procurement and Supply Questions and Answers Graded A+ What is Procurement? Procurement is a STRATEGIC function of a business obtains something Tangible as goods or Intangible as services. Include Purchasing Inventory, Logistics, Supply, Waste Management Qu...

CIPS L5M9 Operations Management LO1 Already Passed Operations Management The processes of managing the resources and processes involved in the acquisition and transformation of inputs and the distribution of outputs. Five Key Performance Dimensions / Performance Objectives - Slack and Bran...

CIPS L4M2 LATEST 2024 ALREADY PASSED Re-buy It is not necessary to specify a new specification or to source the market. Call-off or framework agreement. A preferred supplier is in place Modified Buy Review of existing contract requirements and making any necessary amendments such as to bu...

CIPS L4M1 - Question & Answer Past Exam Questions Already Passed O1. Outline FIVE differences between purchasing goods and purchasing services. 1. Goods are tangible, services are intangible: 2. Services cannot be separated from their supplier: 3. Heterogeneity: goods are usually uniform in n...

CIPS Level 3 Module 1 Questions and Answers Already Passed What does STEEPLED stand for? (External factors - macro environment) Sociological, technological, economic, environmental, political, legal, ethical, demographic How many employees does a micro business have? Less than 10 How ma...

CIPS Level 4 Module 1 Questions and Answers Rated A+ The Purchasing process 1. Define Specification. 2. Select Supplier 3. Contract Agreement 4. Ordering 5. Expediting 6. Evaluation Follow up Definition of Procurement & Supply recognition of the fact that the purchasing function has a...

L4M3 - CIPS: Commercial Contracting Latest 2024 Graded A+ Ad-Hoc Purchase An item bought for a single and non-recurring use or purpose Alternative Dispute Resolution (ADR) Any method of resolving a dispute between two parties which does not involve court action, including escalation to hig...

CIPS L4M1 QUESTIONS AND ANSWERS GRADED A+ Stakeholders In any activity an organization undertakes, whether strategic, operational or tactical, the activity can only be successful with the input, commitment and support of its key stakeholders. Gaining and maintaining the support and commitme...

CIPS L4M2 Defining Business Need Questions and Answers Types of Purchases new buy, straight rebuy, modified rebuy Straight rebuy purchase Routine purchases of the same products under approximately the same terms of sale Modified rebuy purchase When new-task purchases are changed on repeat...

CIPS Quiz Latest 2024 Already Graded A Acceptance testing A form of testing used to determine if the requirements of a specification or contract are met Accrual An adjustment made to a set of financial accounts to reflect activity that has occurred but for which cash has not yet been receive...