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CIPS L4M8 theories Exam Questions With Verified Answers Carters 10 C's - answerCompetence Capacity Commitment Control Cash Cost Consistency Clean Culture Communication CIPS relationship spectrum - supplier selection - answerAdversarial Arms length Transactional Bespoke Outsourced S...

CIPS L4M8 LO3 Exam Questions With Verified Answers what is a fixed asset? - answerassets that are purchased for long-term use and not intended to be converted directly into cash what is included in whole life asset management? - answer- lessons learned feeds into identification of needs/specifi...

CIPS L4M8 LO2 Exam Questions With Verified Answers what are the stages of ordering? - answer1) user need 2) raise requisition 3) approved process 4) issue PO 5) receive goods/service 6) approve invoice what are the stages of sourcing? - answer1) understand the need 2) develop strategy 3) r...

CIPS L4M8 Procurement and Supply in Practice Exam Questions With Verified Answers Whole Life Asset Management - answerBased around obtaining the best value theiugbout the lifetime of the asset (fixed assets only) Value - answerValue is perceived differently by different stakeholders (finance, I...

L4M8 CIPS level 4 Glossary 2 Exam Questions With Verified Answers Name the 13 stages of the procurement cycle - answer1. Understand the need. 2. Market Commodity options. 3. Develop Stratgey/ Plan. 4. Pre-procurement / market test. 5. Develop required documentation. 6. Supplier Selection. 7....

CIPS L4M7 Whole Life Asset Management Exam Questions With Verified Answers Causes of Obsolescence - answerTechnical Change Cultural Change Legislation 2D Barcode - answer Types of Stock - answerOpening Stock Raw Materials Secondary Components Work in Progress Finished Goods Safety/Buffer ...

L4M4 - Chapter 2 Exam Questions And Answers (Verified And Updated) How does the Pareto Principle differ to the ABC Analysis? - answerInstead of the Pareto 80/20 split, the figure splits the suppliers into three categories. 'A', 'B', 'C'. They are categorised according to their levels of im...

CIPS L4M8 Chapter 1 Exam Questions With Verified Answers The 13 Stages of the Procurement Cycle - answerStage 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 Documentati...