CIPS L4M2 DEFINING 2024
BUSINESS NEED
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
What are the three trends that can help you to decide if an objective is
strategic or not?
External
Internal
Performance
QUESTION 2
External Trends
trends in the global marketplace, economical and political factors, emergency of
the markets and technologies.
QUESTION 3
Internal Trends
are trends within organization and include the size and the complexity of the
organization, roles, definitions and management styles.
QUESTION 4
Performance Trends
END OF
PAGE 1
, CIPS L4M2 DEFINING 2024
BUSINESS NEED
Are trends in the organizational growth, profitability and organizational flexibility.
QUESTION 5
Hybrid startegies
strategic that combine the best parts of two or more strategies.
QUESTION 6
Lean
a management process for reducing waste and thereby creation more value in a set
of activities.
QUESTION 7
Six sigma
Management technique for identifying and reducing variability in any process.
QUESTION 8
Value Engineering
a review of an existing product with the aim of reducing cost and increase the vale
of the customer.
END OF
PAGE 2
, CIPS L4M2 DEFINING 2024
BUSINESS NEED
QUESTION 9
business case
1) state problem 2) solution 3) resources
QUESTION 10
Business case interventions
Market interventions
Technical Interventions
Cost structure interventions
Work process interventions
Supplier relationship interventions
Supply Chain interventions
QUESTION 11
Market interventions
Over and above bidding interventions make vs buy strategies
QUESTION 12
Technical Interventions
simplify specifications, innovative technologies, create intelectual properties.
END OF
PAGE 3
, CIPS L4M2 DEFINING 2024
BUSINESS NEED
QUESTION 13
Cost structure interventions
Technics such six sigma, lean and value analysis enginering
QUESTION 14
Work process interventions
joint planning , collaborative process with the suppliers.
QUESTION 15
Supplier relationship interventions
levering or changing relationships with the suppliers and better access to suppliers
capabilities or supplier performance.
QUESTION 16
Supply Chain interventions
design the right supply chain eliminating unnecessary intermediares or using
outsourcing to gain expertise or scale for cost reductions.
END OF
PAGE 4
BUSINESS NEED
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
What are the three trends that can help you to decide if an objective is
strategic or not?
External
Internal
Performance
QUESTION 2
External Trends
trends in the global marketplace, economical and political factors, emergency of
the markets and technologies.
QUESTION 3
Internal Trends
are trends within organization and include the size and the complexity of the
organization, roles, definitions and management styles.
QUESTION 4
Performance Trends
END OF
PAGE 1
, CIPS L4M2 DEFINING 2024
BUSINESS NEED
Are trends in the organizational growth, profitability and organizational flexibility.
QUESTION 5
Hybrid startegies
strategic that combine the best parts of two or more strategies.
QUESTION 6
Lean
a management process for reducing waste and thereby creation more value in a set
of activities.
QUESTION 7
Six sigma
Management technique for identifying and reducing variability in any process.
QUESTION 8
Value Engineering
a review of an existing product with the aim of reducing cost and increase the vale
of the customer.
END OF
PAGE 2
, CIPS L4M2 DEFINING 2024
BUSINESS NEED
QUESTION 9
business case
1) state problem 2) solution 3) resources
QUESTION 10
Business case interventions
Market interventions
Technical Interventions
Cost structure interventions
Work process interventions
Supplier relationship interventions
Supply Chain interventions
QUESTION 11
Market interventions
Over and above bidding interventions make vs buy strategies
QUESTION 12
Technical Interventions
simplify specifications, innovative technologies, create intelectual properties.
END OF
PAGE 3
, CIPS L4M2 DEFINING 2024
BUSINESS NEED
QUESTION 13
Cost structure interventions
Technics such six sigma, lean and value analysis enginering
QUESTION 14
Work process interventions
joint planning , collaborative process with the suppliers.
QUESTION 15
Supplier relationship interventions
levering or changing relationships with the suppliers and better access to suppliers
capabilities or supplier performance.
QUESTION 16
Supply Chain interventions
design the right supply chain eliminating unnecessary intermediares or using
outsourcing to gain expertise or scale for cost reductions.
END OF
PAGE 4
