CIPS level 4 Module 8 UPDATED ACTUAL Exam Questions and CORRECT Answers

CIPS level 4 Module 8 UPDATED ACTUAL
Exam Questions and CORRECT Answers
Name the 13 stages of the procurement cycle - CORRECT 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 - CORRECT ANSWER - *Rivalry among competitors;
*Threat of new entrants;
*Threat of substitute products;
*Bargaining power of buyers;
*Bargaining power of suppliers;


Carters outsource matrix - CORRECT ANSWER - Strategic Alliance
Retain
Eliminate
Outsource

,Carters 10C's - CORRECT ANSWER - Competency
Capacity
Consistancy
Control
Cost
Commitment
Cash
Clean
Culture
Communication


The continuous improvement Cycle - CORRECT ANSWER - Identify
Plan
Execute
Review


Kraljic Matrix - CORRECT ANSWER - Leverage Suppliers
Strategic Suppliers
Routine Suppliers
Bottleneck Suppliers


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


Whats is included in a requisition - CORRECT ANSWER - Date

, Description
Supplier
Quantity
When
Where
Why
Who
Approval


MRP V ERP - CORRECT ANSWER - Material resource planning
Enterprise resource planning


Levels of competition - CORRECT ANSWER - Perfect competition
monopolistic competition
oligopoly
monopoly


Supplier Segmentation - CORRECT ANSWER - Transactional
Collaborative
Strategic
Integrated


Ansoff matrix - CORRECT ANSWER - market penetration
product development
market development
diversification


type of Benchmarking - CORRECT ANSWER - Process