CIPS level 4 Module 8 Exam Questions and Answers 100% Pass

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CIPS level 4 Module 8 Exam Questions and
Answers 100% Pass




Name the 13 stages of the procurement cycle - 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 - Answer✔*Rivalry among competitors;
*Threat of new entrants;
*Threat of substitute products;
*Bargaining power of buyers;


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*Bargaining power of suppliers;



Carters outsource matrix - Answer✔Strategic Alliance
Retain
Eliminate
Outsource



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



The continuous improvement Cycle - Answer✔Identify
Plan
Execute
Review



Kraljic Matrix - Answer✔Leverage Suppliers
Strategic Suppliers
Routine Suppliers
Bottleneck Suppliers

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



Whats is included in a requisition - Answer✔Date
Description
Supplier
Quantity
When
Where
Why
Who
Approval



MRP V ERP - Answer✔Material resource planning
Enterprise resource planning



Levels of competition - Answer✔Perfect competition
monopolistic competition
oligopoly
monopoly



Supplier Segmentation - Answer✔Transactional
Collaborative
Strategic

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