CIPS L4M4 Ethical and Responsible Sourcing Questions And Answers!!

What are the two types of sourcing? - Tactical/Operational & Strategic What is tactical sourcing? - Low level sourcing for low risk or routine items What is strategic sourcing? - High level sourcing for core products or services Benefits of make decision? - Strategy of organisation is to be self sufficient Enhanced control over processes Improved quality control Workforce remains stable Continuity of supply No suitable suppliers to buy from Economies of scale available Reduced risk Easier to amend volumes/specs Benefits of buy decision? - Specialised knowledge available Technological advancements available Small volumes are not cost effective to make Cheaper to buy in than make Economies of scale available No capacity in house Less inventory Reduced overheadsFour categories of the Kraljic Matrix - Non-critical Leverage Strategic Bottleneck Should core functions be outsourced? - No, they should remain in house Which functions are frequently outsourced? - IT Catering Cleaning Marketing Social Media HR Accountancy Payroll Carter's 10 C's - Competency Capacity Commitment Control Cash Cost Consistency Culture Clean Communication