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[Show more]CIPS L4M8 Exam Verified 100% Correct!! 
Stage 13: Asset management/end of life 
The procurement professional should evaluate whether the need is still current. If it is and unchanged, the procurement cycle process commences again but from a different stage as the need is already known and understood...
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Add to cartCIPS L4M8 Exam Verified 100% Correct!! 
Stage 13: Asset management/end of life 
The procurement professional should evaluate whether the need is still current. If it is and unchanged, the procurement cycle process commences again but from a different stage as the need is already known and understood...
CIPS L4M8 Chapter 1 Exam Verified 100% Correct!! 
The 13 Stages of the Procurement Cycle - ANS Stage 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 Documentat...
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Add to cartCIPS L4M8 Chapter 1 Exam Verified 100% Correct!! 
The 13 Stages of the Procurement Cycle - ANS Stage 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 Documentat...
L4M8 Procurement & Supply in Practice 
How many stages are there within the CIPS Procurement Cycle? - ANS The CIPS procurement cycle has 13 stages: 
 
1. Understand the need and develop a high-level specification. 
2. Market/commodity options including make-versus-buy assessment. 
3. De...
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Add to cartL4M8 Procurement & Supply in Practice 
How many stages are there within the CIPS Procurement Cycle? - ANS The CIPS procurement cycle has 13 stages: 
 
1. Understand the need and develop a high-level specification. 
2. Market/commodity options including make-versus-buy assessment. 
3. De...
L4M8 - Theories 
The CIPS Procurement Cycle 
Stage 1 - Understand need and develop a high-level specification 
Stage 2 - Market/commodity options including make-versus-buy assessment 
Stage 3 - Develop strategy/plan 
Stage 4 - Pre-procurement market tests and market engagement 
Stage 5 - Development...
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Add to cartL4M8 - Theories 
The CIPS Procurement Cycle 
Stage 1 - Understand need and develop a high-level specification 
Stage 2 - Market/commodity options including make-versus-buy assessment 
Stage 3 - Develop strategy/plan 
Stage 4 - Pre-procurement market tests and market engagement 
Stage 5 - Development...
CIPS L4M8 Chapter 2 
Sourcing involves - ANS identifying and vetting those suppliers who are able to supply the product or service, as required in a specification from a procurement professional 
 
Different stages of Ordering - ANS - User need 
- Raise requisition 
- Approved process ...
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Add to cartCIPS L4M8 Chapter 2 
Sourcing involves - ANS identifying and vetting those suppliers who are able to supply the product or service, as required in a specification from a procurement professional 
 
Different stages of Ordering - ANS - User need 
- Raise requisition 
- Approved process ...
L4M4 - Chapter 2 
How does the Pareto Principle differ to the ABC Analysis? - ANS Instead of the Pareto 80/20 split, the figure splits the suppliers into three categories. 'A', 'B', 'C'. They are categorized according to their levels of importance/spend to the buying organization. 
 
...
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Add to cartL4M4 - Chapter 2 
How does the Pareto Principle differ to the ABC Analysis? - ANS Instead of the Pareto 80/20 split, the figure splits the suppliers into three categories. 'A', 'B', 'C'. They are categorized according to their levels of importance/spend to the buying organization. 
 
...
CIPS L4M7 Whole Life Asset Management 
Causes of Obsolescence - ANS Technical Change 
Cultural Change 
Legislation 
 
2D Barcode - ANS 
 
Types of Stock - ANS Opening Stock 
Raw Materials 
Secondary Components 
Work in Progress 
Finished Goods 
Safety/Buffer S...
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Add to cartCIPS L4M7 Whole Life Asset Management 
Causes of Obsolescence - ANS Technical Change 
Cultural Change 
Legislation 
 
2D Barcode - ANS 
 
Types of Stock - ANS Opening Stock 
Raw Materials 
Secondary Components 
Work in Progress 
Finished Goods 
Safety/Buffer S...
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