- Study guides, Class notes & Summaries

L4M8 CIPS level 4 Glossary 2 Questions with Correct Answers Guaranteed 100% Pass 4 levels of supplier competition - Answer Perfect competition Monopolistic Compoetition Oligopoly Monopoly 5 options for condition performance monitoring are? - Answer Do nothing reactive Prevention Predictive Proactive 5 stages of forming a contract - Answer Intention Capacity Offer Consideration Acceptance 6 cultural dimensions - Answer 1. power distance 2. individualism/collectivism 3. masculini...

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15 pages

Written in 2023/2024

Grade A+

EddieBestStudy

L4M4 - Chapter 2 Questions with Correct Answers 100% Pass A cross-functional team may have input from which departments? - Answer Finance Engineering Sales Logistics Operations Advantages & Disadvantages of electronic systems - Answer AD: Speeds up the process Access to more suppliers Exposure to increased amounts of information Fewer restrictions on working hours Easier to work globally Promotes environmentally friendly objectives such as paper free DIS: Less personal Communicat...

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13 pages

Written in 2023/2024

Grade A+

EddieBestStudy

CIPS L4M8 Chapter 1 Questions with Correct Solutions 100% Pass A procurement professional can use Carter's Outsource Matrix when - Answer deciding whether to make or buy A pull strategy is based on - Answer reacting to customer needs (JIT) A push strategy is based on - Answer forecasting requirements A requisition should contain the following elements - Answer - Date of requisition - Description of what is required, including any quality requirements and specifications - Supplier if kno...

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8 pages

Written in 2023/2024

Grade A+

EddieBestStudy

L4M8 Procurement & Supply in Practice Questions with Correct Answers 100 % Pass Graded A term within a contract can be one of which two things? - Answer • Implied term • Express term According to CIPS, which 12 main models can be used when analysing and testing the market? - Answer • STEEPLE analysis • SWOT analysis • Porter's Five Forces • Levels of supply competition • Supply and demand • Push and Pull • Supplier segmentation • Product life cycle • Ansoff m...

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9 pages

Written in 2023/2024

Grade A+

EddieBestStudy

CIPS L4M8 LO3 Exam Questions with Correct Answers 100% Pass what are breakers? - Answer a company that buys decommissioned machinery and strips it of useful parts to then sell on what are costs associated with the logistics process? - Answer - delays - loss of freight - poor/incorrect communication - confiscation at customs - incorrect export/import paperwork - transport breakdown - force majeure what are Hofstede's cultural dimensions? - Answer - individualistic/collectivistic - ma...

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39 pages

Written in 2023/2024

Grade A+

EddieBestStudy

CIPS L4M5 LO2 Exam Questions with Correct Answers Graded 100% Pass How would you calculate the breakeven point? - Answer price - variable cost = contribution fixed cost/contribution = breakeven point how would you work out gross profit? - Answer sales revenue - cost of sales (direct costs) = gross profit how would you work out net profit? - Answer gross profit - (indirect/operating costs) = net profit how would you work out the margin? - Answer (price - cost)/price x 100 how would you wo...

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28 pages

Written in 2023/2024

Grade A+

EddieBestStudy

CIPS L4M2 Exam Questions with Correct Solutions Graded 100% Pass 'Creative' - Answer Generally refers to an abundance of ideas that are more than just superficial changes. 'Should cost' analysis - Answer A technique used by procurement for determining what a purchased product or service should cost based on the materials, components cost processes and overheads of the supplier. 5 main types of acceptance testing - Answer Alpha and beta, contract acceptance, regulation acceptance, ope...

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13 pages

Written in 2023/2024

Grade A+

EddieBestStudy

CIPS L4M8 LO2 Exam Questions with Correct Answers 100% Pass how are reviews useful? - Answer - provide updates on market news - inform of any potential issues/risks in the supply chain - provide information on the supplier's organisation - inform of any innovation or technological advances - reduce the risk of contract and performance disputes how can a suppliers financial performance be evaluated? - Answer - credit ratings - reviewing the balance sheet - reviewing liquidity - reviewi...

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19 pages

Written in 2023/2024

Grade A+

EddieBestStudy

Post-Graduate Diploma In Project Management Pgm4815 Managing Project Procurement & Contracts

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6 pages

Written in 2023/2024

Grade A+

Queenstin

an opening - wolny etat logistics procurement analyst - analityk d/s logistyki zaopatrzenia responsibilities - obowiązki Request for Proposal (RFP) - zapytanie ofertowe negotiate contracts - negocjować umowy supplier - dostawca seek, sought, sought - szukać, poszukiwać goal-orientated individual - osoba ukierunkowana na cel achieve - osiągnąć strategic objectives - cele strategiczne tactical objectives - cele taktyczne relevant - istotny, odnoszący się do tematu preferable -...

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2 pages

Written in 2023/2024

Grade A+

AmeliaLiam

Procurement Test 2 Questions With 100% Complete Solutions.

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8 pages

Written in 2023/2024

Grade A+

EvaTee

What re the primary references for certified Texas purchasing staff? correct answer: The State of Texas Procurement Manual along with Texas Statutes, Government Code and Texas Administrative Code (TAC) rules. What does the Procurement Manual contain? correct answer: Purchasing Authority Requirements, Procedures, and best practices applicable to the procurement of goods and services. What is the definition of 'State Agency'? correct answer: A department, commission, board, office or ag...

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8 pages

Written in 2023/2024

Grade A+

Classroom

Exam #4 Procurement

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13 pages

Written in 2022/2023

Grade A+

Bensuda

Procurement Final Exam - Study Guide With Correct Solutions.

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18 pages

Written in 2022/2023

Grade A+

EvaTee

Procurement Final Exam Correctly Solved 100%

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8 pages

Written in 2022/2023

Grade A+

EvaTee