Kraljic matrix Samenvattingen, Notities en Examens

What are the two types of sourcing? - Tactical/Operational & Strategic What is tactical sourcing? - Low level sourcing for low risk or routine items What is strategic sourcing? - High level sourcing for core products or services Benefits of make decision? - 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 Ea...

CIPS L4M2 EXAM 2024 Re-buy It is not necessary to specify a new specification or to source the market. Call-off or framework agreement. A preferred supplier is in place Modified Buy Review of existing contract requirements and making any necessary amendments such as to build additional benefits, streamline the business or to establish new KPIs/SLAs. Where some of the specification or requirements have changed. New Buy A new purchase outlines requirements that have not been specified befo...

CIPS Level 3 Module 1 Questions and Answers Already Passed What does STEEPLED stand for? (External factors - macro environment) Sociological, technological, economic, environmental, political, legal, ethical, demographic How many employees does a micro business have? Less than 10 How many employees does a small business have? Less than 50 How many employees does a medium business have? 250 or fewer What are the support activities of porters value chain model? Firm infrastructu...

CIPS Level 3 Module 1 Questions With Correct Answers. What does STEEPLED stand for? (External factors - macro environment) Sociological, technological, economic, environmental, political, legal, ethical, demographic How many employees does a micro business have? Less than 10 How many employees does a small business have? Less than 50 How many employees does a medium business have? 250 or fewer What are the support activities of porters value chain model? Firm infrastructure, human re...

Sourcing is the inputs (or things we buy), including materials, sub-assembled components, equipment, and services, that are required to create value. A. True B. False - Answer B. False Which of the following is NOT an area in which successful supply managers need expertise? A. Technologies B. Customers C. Suppliers D. Processes E. Resources - Answer B. Customers When purchasing and supply management works well within an organization, the company acquires the best resources from arou...

CIPS LEVEL 4 MODULE 1 EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ The Purchasing process Correct Answer: 1. Define Specification. 2. Select Supplier 3. Contract Agreement 4. Ordering 5. Expediting 6. Evaluation Follow up Definition of Procurement & Supply Correct Answer: recognition of the fact that the purchasing function has a role in not just "buying inputs" but in "securing supply" Direct Costs Correct Answer: These are costs which can b...

CIPS Level 4 Module 1 |215 Questions and Answers(A+ Solution guide) The Purchasing process Definition of Procurement & Supply Direct Costs Indirect Costs Kraljic Matrix CAPEX is OPEX CAPEX Name the 13 stages of the procurement cycle Scope of Procurement Porters Value Chain Action points for CAPEX purchasing 5 rights of procurement Right Quality Right Quantity Right Place Right Time Right Price Life Cycle cost (LLC) Total Cost of Ownership (TCO) TCO Acquisition costs TCO Ope...

What does STEEPLED stand for? (External factors - macro environment) - Sociological, technological, economic, environmental, political, legal, ethical, demographic How many employees does a micro business have? - Less than 10 How many employees does a small business have? - Less than 50 How many employees does a medium business have? - 250 or fewer What are the support activities of porters value chain model? - Firm infrastructure, human resource management, technology development and proc...

CIPS Level 4 Module 1 questions and answers 2023The Purchasing process 1. Define Specification. 2. Select Supplier 3. Contract Agreement 4. Ordering 5. Expediting 6. Evaluation Follow up Definition of Procurement & Supply recognition of the fact that the purchasing function has a role in not just "buying inputs" but in "securing supply" Direct Costs These are costs which can be identified directly with the production of a good or service; e.g. raw materials. Usually st...

NCMA CPCM Vocabulary - Contract Management Body of Knowledge (CMBOK) Exam 2024 Acceptance criteria -Answer-Those criteria, usually stated in a contract and/or SOW that includes deliverables, performance requirements and essential conditions, which must be met to complete project deliverables and be accepted Agile -Answer-A project management methodology utilizing short-term sprints to react to changing scope requirements Baseline -Answer-The original plan (for a project, a work package, ...