Cips Study guides, Class notes & Summaries
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CIPS L4M8 Exam Verified 100% Correct!!
- Exam (elaborations) • 33 pages • 2024
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CIPS L4M8 Exam Verified 100% Correct!! 
 
Stage 13: Assest management/end of life 
The procurement professional should evaluate whether the need is still current. If it is and unchanged, the procurement cycle process commences again but from a different stage as the need is already known and understood. If the need is not required the buyer should manage the end of life by reducing stock levels and informing the supplier 
Anti-bribery procedures 
-Proportionate procedures: should be in line with...
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CIPS L4M2 questions with complete solutions 2024/2025
- Exam (elaborations) • 27 pages • 2024
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CIPS L4M2When should Competitive bidding not be used? - correct answer 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 used in the planning stage? - correct answer Decision support models 
Simulation models 
Optimisation models 
 
What do Decision Support models do in WLC? - correct answer Identify the issue to find possible alternatives 
 
What do...
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CIPS L4M8 LO2 question n answers graded A+ 2024/2025
- Exam (elaborations) • 19 pages • 2024
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CIPS L4M8 LO2what are the stages of ordering? - correct answer 1) user need 
2) raise requisition 
3) approved process 
4) issue PO 
5) receive goods/service 
6) approve invoice 
 
what are the stages of sourcing? - correct answer 1) understand the need 
2) develop strategy 
3) raise requisition 
4) source suppliers 
5) issue ITT/RFQ 
6) negotiate and award contract 
7) SRM/contract management 
 
in what locations can sourcing take place? - correct answer - localised 
- regional 
- national 
...
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CIPS L4M1 questions with complete solutions 2024/2025
- Exam (elaborations) • 30 pages • 2024
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CIPS L4M1 questions with complete solutions 2024/2025Stakeholders - correct answer In any activity an organization undertakes, whether strategic, operational or tactical, the activity can only be successful with the input, commitment and support of its key stakeholders. Gaining and maintaining the support and commitment of stakeholders requires a continuous process of engaging the right stakeholders at the right time and understanding and managing their expectations. 
 
Global Supply Chains - ...
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CIPS L4M1 Scope and Influence of Procurement and Supply correctly answered 2024
- Exam (elaborations) • 56 pages • 2024
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CIPS L4M1 Scope and Influence of Procurement and Supply correctly answered 2024 
What is Procurement? - correct answer 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 Value 
 
What is Purchasing? - correct answer Is the ACT of physically ordering and buying something. 
 
What is Supply? - correct answer Is the INFRASTRUCTURE which ensures that...
Too much month left at the end of the money?
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CIPS LATEST UPDATE WITH COMPLETE SOLUTIONS
- Exam (elaborations) • 20 pages • 2024
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CIPS LATEST UPDATE WITH COMPLETE 
 
SOLUTIONS 
 
Tender Process Determine style of tender 
Prepare invitation -include info so all bidders understand the need and send a suitable bid 
Send ITT using suitable platform 
Receive bids - any bids after deadline date should be disregarded. 
Evaluate the bids. Check they meet the required expectations, disregard bids that are incomplete 
or bids that are not the correct standard. Evaluate the bids against the criteria and score. Use a 
cross functional...
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CIPS L4M2 Defining Business Need 2024/2025 already passed
- Exam (elaborations) • 44 pages • 2024
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CIPS L4M2 Defining Business Need 
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 
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Modified rebuy purchase 
When new-task purchases are changed on repeat orders or straight rebuy purchases are modified 
 
 
New purchase 
A purchase of an item fo...
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Answered) CIPS L4M1 Scope and Influence of Procurement and Supply 2023
- Exam (elaborations) • 36 pages • 2023
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Answered) CIPS L4M1 Scope and Influence of Procurement and Supply 2023
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CIPS L4M1 question n answers graded A+ 2024/2025
- Exam (elaborations) • 30 pages • 2024
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CIPS L4M1Stakeholders - correct answer In any activity an organization undertakes, whether strategic, operational or tactical, the activity can only be successful with the input, commitment and support of its key stakeholders. Gaining and maintaining the support and commitment of stakeholders requires a continuous process of engaging the right stakeholders at the right time and understanding and managing their expectations. 
 
Global Supply Chains - correct answer a dynamic worldwide network w...
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CIPS L4M2 Defining Business Need questions correctly answered 2024/2025
- Exam (elaborations) • 44 pages • 2024
- Available in package deal
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CIPS L4M2 Defining Business Need questions correctly answered 2024/2025Types 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 forward 10 seconds 
Unmute 
0:01 
/ 
0:15 
Full screen 
Modified rebuy purchase 
When new-task purchases are changed on repeat orders or straight rebuy purchases are modified 
 
 
N...
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