CIPS L4M4 Ethical and Responsible Sourcing. Exam Questions and Answers 100% Pass

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CIPS L4M4 Ethical and Responsible
Sourcing. Exam Questions and Answers
100% Pass




What are the two types of sourcing? - Answer✔Tactical/Operational & Strategic



What is tactical sourcing? - Answer✔Low level sourcing for low risk or routine items



What is strategic sourcing? - Answer✔High level sourcing for core products or services



Benefits of make decision? - Answer✔Strategy of organisation is to be self sufficient
Enhanced control over processes
Improved quality control
Workforce remains stable
Continuity of supply
No suitable suppliers to buy from
Economies of scale available
Reduced risk
Easier to amend volumes/specs



Benefits of buy decision? - Answer✔Specialised knowledge available

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Technological advancements available
Small volumes are not cost effective to make
Cheaper to buy in than make
Economies of scale available
No capacity in house
Less inventory
Reduced overheads



Four categories of the Kraljic Matrix - Answer✔Non-critical
Leverage
Strategic
Bottleneck



Should core functions be outsourced? - Answer✔No, they should remain in house



Which functions are frequently outsourced? - Answer✔IT
Catering
Cleaning
Marketing
Social Media
HR
Accountancy
Payroll



Carter's 10 C's - Answer✔Competency
Capacity
Commitment

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