CIPS L4M8 theories Exam Questions and Answers 100% Pass

CIPS L4M8 theories Exam Questions and Answers 100% Pass Carters 10 C's - Correct Answer ️️ -Competence Capacity Commitment Control Cash Cost Consistency Clean Culture Communication CIPS relationship spectrum - supplier selection - Correct Answer ️️ -Adversarial Arms length Transactional Bespoke Outsourced Strategic Collaborative Partnership Co-destiny / joint venture Carter's Outsource Matrix - Correct Answer ️️ -Strategic Alliance - core Retain - core Eliminate Outsource TIMWOOD - Correct Answer ️️ -Transportation Inventory Motion Waiting Over-processing Over-production Defects Kraljic Matrix - SRM - Correct Answer ️️ -Routine- low cost impact & low risk Leverage- high cost impact & low risk Bottleneck- low profit impact & high risk Strategic- high profit impact & high risk CIPS code of Conduct - 5 areas - Correct Answer ️️ -1. Bribery & corruption - no gifts 2. Conflict of interest - ethics, due diligence, human rights 3. Continual development 4. Ethical and professional - don't breach confidentiality 5. Full compliance with laws & regs RAQSCI - structures business requirements - Correct Answer ️️ -Regulatory Assurance of Supply Quality Service Cost Innovation RACI - define team roles - Correct Answer ️️ -Responsible Accountable Consulted Informed Porter's 5 Forces - Correct Answer ️️ -*Rivalry among competitors *Threat of new entrants *Threat of substitute products *Bargaining power of buyers *Bargaining power of suppliers Ansoff Matrix - market penetration - Correct Answer ️️ -Lowest risk strateg