Study guides, Class notes & Summaries

CIPS L4M8 QUESTIONS AND ANSWERS RATED A+ 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 l...

CIPS L4M8 Chapter 1 Questions and Answers 100% Pass The 13 Stages of the Procurement Cycle Stage 1 - Identify need and develop spec. Stage 2 - Market commodity/make or buy options. Stage 3 - Develop Strategy/Plan Stage 4 - Pre procurement market tests Stage 5 - Prepare Documentation Stage 6 - Supplier Selection Stage 7 - Send ITT Stage 8 - Receive & Evaluate Bids Stage 9 - Award contract Stage 10 - Warehouse/logistics prep Stage 11 - Contract management Stage 12 - Relationship m...

CIPS l4m8 Exam Questions & Answers 2024/25 S in STEEPLED - ANSWERSSocio Cultural T in STEEPLED - ANSWERSTechnological 3 Es in STEEPLED - ANSWERSEconomic Environmental Ethical P in STEEPLED - ANSWERSPolitical L in STEEPLED - ANSWERSLegal D In STEEPLED - ANSWERSDemographic factors The STEEPLED analysis - ANSWERSPopular tool for analysing the macro environment 5 forces model - ANSWERSThreat from new entrants Threat from substitutes Buyers bargaining power Suppliers ba...