CIPS L4M Complete Exams Bundle| Approved|

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 Brainpower Read More Previous Play Next Rewind 10 seconds Move fo...

L4M3 - CIPS: Commercial Contracting: Exam Review, rated 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 ...

CIPS Level 3 Module 1: Questions and answers, rated A+ 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 e...

CIPS L5M9 Operations Management LO1: Exam Review Questions and answers, rated A+ 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 / Performa...

CIPS L4M1 - Question & Answer Past exam questions & Answers, VERIFIED. 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 uni...

CIPS Module 1 - Introduction to Procurement and Supply - 1.4. Questions & Answers, VERIFIED. What are stakeholders? - -individuals or groups who can affect or are affected by the actions of a firm They have an interest in an organisation Define the difference between internal and external s...

L4M8 CIPS level 4 Glossary 2: Questions and answers, verified/ 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. I...

CIPS L4M1 Scope and Influence of Procurement and Supply. Q&A, Rated 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 Quality, Cost, Added Va...

CIPS L4M1 Exam Questions and answers, rated A+ Innovation, sustainability, meeting KPI's and market development are all examples of added ___? - -Value ____ costs are not directly attributable to the end product or service - -Indirect Which of the following are recognised categories of expend...

CIPS Supplier Relationships L4M6, Exam Review Questions and answers, VERIFIED/ What is a connected stakeholder? - -A stakeholder that has a strong interest in a company's activities. This is due to its contractual or commercial relationship with the company. What do internal stakeholders in...

CIPS Module 1 - Key Steps When Procuring Goods and Services - 2.1. Questions and answers, VERIFIED/ Describe stage 1 of the procurement cycle? - -Developing a high level specification Understanding the needs of the business as well as the customer is important Customers can be internal or e...

CIPS Module 1 - Introduction to Procurement and Supply - 1.1. Exam Review Questions and answers, VERIFIED. Describe the basic function of procurement - -A strategic process of obtaining something, this may be tangible (physical product) or intangible (not a physical product) Procurement in...

CIPS L4M2 Exam Review Questions and answers, rated A+ 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 amendm...

CIPS L4M2, Exam Review Questions and answers, VERIFIED/ When should Competitive bidding not be used? - -Where price cannot be establish with certainty Where price isn't the only variable Where there are significant set up costs involved Which 3 types of Whole Life Costing (WLC) models can be ...