Cips level 4 module 1 Study guides, Class notes & Summaries

CIPS LEVEL 3 MODULE 1 EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ What does STEEPLED stand for? (External factors - macro environment) Correct Answer: Sociological, technological, economic, environmental, political, legal, ethical, demographic How many employees does a micro business have? Correct Answer: Less than 10 How many employees does a small business have? Correct Answer: Less than 50 How many employees does a medium business have? Correct ...

CIPS Level 3 Module 1 Exam Questions With 100% Correct Answers What does STEEPLED stand for? (External factors - macro environment) - answerSociological, technological, economic, environmental, political, legal, ethical, demographic How many employees does a micro business have? - answerLess than 10 How many employees does a small business have? - answerLess than 50 How many employees does a medium business have? - answer250 or fewer What are the support activities of porters value chain...

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 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...

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

The 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 strategic or leverae suppliers Indirect Costs These are costs ...

The 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 strategic or leverae suppliers Indirect Costs These are costs ...

CIPS Module 1 - Key Steps When Procuring Goods and Services - 2.1. Questions and answers, VERIFIED/ Describe stage 1 of the procurement cycle? - -Developing a high level specification Understanding the needs of the business as well as the customer is important Customers can be internal or external to the organisation The customer need will be communicated either by 'verbal, paper requisition, electronic communication' 1. what is required 2. quantity of requirement 3. Deliver...

CIPS Level 4 Module 1.