CIPS level 4 Module 8 Questions and Answers 100% Correct

Name the 13 stages of the procurement cycle 1. Understand the need. 2. Market Commodity options. 3. Develop Stratgey/ Plan. 4. Pre-procurement / market test. 5. Develop required documentation. 6. Supplier Selection. 7. Issue invitation to tender. 8. Bid / tender evaluation. 9. Contract Award. 10. Warehouse logistics & receipt. 11. Contract performance review and continuous improvement. 12. Supplier relationships / contract management. 13. Asset management / end of life. Porters 5 Forces *Rivalry among competitors; *Threat of new entrants; *Threat of substitute products; *Bargaining power of buyers; *Bargaining power of suppliers; Carters outsource matrix Strategic Alliance Retain Eliminate Outsource Carters 10C's Competency Capacity Consistancy Control Cost Commitment