Kraljic Study guides, Class notes & Summaries

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 Elimin...

CIPS Level 4 Module 1The 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 be identified directly with the production of a good or service; e.g. raw materi...

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...

Name the 13 stages of the procurement cycle - Answer-1. Understand the need. 2. Market Commodity options. 3. Develop Stratgey/ Plan. 4. Pre-procurement / market test. 5. Develop required documentation. 6. Supplier Selection. 7. Issue invitation to tender. 8. Bid / tender evaluation. 9. Contract Award. 10. Warehouse logistics & receipt. 11. Contract performance review and continuous improvement. 12. Supplier relationships / contract management. 13. Asset management / end of life. Por...

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...

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...

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...