L4M8 CIPS Level 4 Glossary 2

L4M8 CIPS Level 4 Glossary 2


Name the 13 stages of the procurement cycle - ANSWER-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 - ANSWER-*Rivalry among competitors;

,*Threat of new entrants;

*Threat of substitute products;

*Bargaining power of buyers;

*Bargaining power of suppliers;




Carters outsource matrix - ANSWER-Strategic Alliance

Retain

Eliminate

Outsource




Carters 10C's - ANSWER-Competency

Capacity

Consistancy

Control

Cost

Commitment

Cash

Clean

Culture

,Communication




The continuous improvement Cycle - ANSWER-Identify

Plan

Execute

Review




Ansoff matrix - ANSWER-market penetration

product development

market development

diversification




type of Benchmarking - ANSWER-Process

performance

strategic




Relationship Spectrum - ANSWER-Adversarial

Arms length

, Transactional

Closer tactical

single sourced

outsourced

strategic alliance

pernership

co-destiny




Kraljic Matrix - ANSWER-Leverage Suppliers

Strategic Suppliers

Routine Suppliers

Bottleneck Suppliers




a requisition can take the following forms - ANSWER-Verbal

Handwritten

E-mail

Automated




Whats is included in a requisition - ANSWER-Date