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L4m8 Cips Level 4 Glossary 2 Questions And Answers With Verified Solutions 100% Correct!!!
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L4m8 Cips Level 4 Glossary 2 Questions And Answers With Verified Solutions 100% Correct!!!
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L4m8 Cips Level 4 Glossary 2 QuestionsAnd Answers With Verified Solutions
100% Correct!!!
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.
Porters 5 Forces - ANSWER✔✔*Rivalry among competitors;
*Threat of new entrants;
*Threat of substitute products;
*Bargaining power of buyers;
*Bargaining power of suppliers;
Carters outsource matrix - ANSWER✔✔Strategic Alliance
Retain
Eliminate
Outsource
Carters 10C's - ANSWER✔✔Competency
Capacity
Consistancy
Control
Cost
Commitment
Cash
Clean
,Culture
Communication
The continuous improvement Cycle - ANSWER✔✔Identify
Plan
Execute
Review
Kraljic Matrix - ANSWER✔✔Leverage Suppliers
Strategic Suppliers
Routine Suppliers
Bottleneck Suppliers
a requisition can take the following forms - ANSWER✔✔Verbal
Handwritten
Automated
Whats is included in a requisition - ANSWER✔✔Date
Description
Supplier
Quantity
When
Where
Why
Who
Approval
MRP V ERP - ANSWER✔✔Material resource planning
Enterprise resource planning
Levels of competition - ANSWER✔✔Perfect competition
monopolistic competition
oligopoly
monopoly
Supplier Segmentation - ANSWER✔✔Transactional
Collaborative
Strategic
, Integrated
Ansoff matrix - ANSWER✔✔market penetration
product development
market development
diversification
type of Benchmarking - ANSWER✔✔Process
performance
strategic
Relationship Spectrum - ANSWER✔✔Adversarial
Arms length
Transactional
Closer tactical
single sourced
outsourced
strategic alliance
pernership
co-destiny
Supplier preferencing matrix - ANSWER✔✔Development
Core
Nuisance
exploitable
Stakeholder matrix - ANSWER✔✔Keep satsfied
manage closely
minimum effort
keep informed
stakeholder management - ANSWER✔✔Communication
Consultation
Empathy
Planning
Relationship
Risk
Compromise
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