L4M8 CIPS level 4 Glossary 2 Competed Study Guide 2024 Questions & Answers Already Passed!_.pdf

9/5/24, 6:17 PM



L4M8 CIPS level 4 Glossary 2
Jeremiah




Practice questions for this set


Learn 1 /7 Study with Learn




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.



Choose matching term




1 Supplier Segmentation 2 Tuckman's Team Development Model




Name the 13 stages of the procurement
3 Quick Ratio
4 cycle




L4M8 CIPS level 4 Glossary 2 Don't know?




1/12

, 9/5/24, 6:17 PM


Terms in this set (93)

1. Understand the need.
2. Market Commodity options.
3. Develop Stratgey/ Plan.
4. Pre-procurement / market test.
5. Develop required documentation.
6. Supplier Selection.
Name the 13 stages of the procurement
7. Issue invitation to tender.
cycle
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.

*Rivalry among competitors;
*Threat of new entrants;
Porters 5 Forces *Threat of substitute products;
*Bargaining power of buyers;
*Bargaining power of suppliers;

Strategic Alliance
Retain
Carters outsource matrix
Eliminate
Outsource

Competency
Capacity
Consistancy
Control
Cost
Carters 10C's
Commitment
Cash
Clean
Culture
Communication

Identify
Plan
The continuous improvement Cycle
Execute
Review

Leverage Suppliers
Strategic Suppliers
Kraljic Matrix
Routine Suppliers
Bottleneck Suppliers

Verbal
Handwritten
a requisition can take the following forms
E-mail
Automated




L4M8 CIPS level 4 Glossary 2
2/12