CIPS Level 3 Module 1 Questions And Answers!!

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 many employees does a small business have? - Less than 50 How many employees does a medium business have? - 250 or fewer What are the support activities of porters value chain model? - Firm infrastructure, human resource management, technology development and procurement What are the primary activities of porters value chain model? - Logistics, operations, marketing and sales and after sales service What is a BRD? - Business requirements definition - it answers the "what to buy" question and is based on the needs analysis from operations What does RAQSCI stand for? (a model for identifying business requirements) - Regulatory, assurance of supply, quality, service, cost and innovation What are the two types of field research? - Quantitative research (statistical information) and qualitative research (peoples opinions) What are the 4 categories of the Kraljic matrix? - Critical, strategic, tactical and leverage What is a situation target proposal (STP)? - It is a statement that describes the current situation, paints the vision of the target and lists the elements to be used to get to the target