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CIPS L4M2 Exam Questions With 100% Correct Answers Re-buy - answerIt 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 - answerReview of existing contract requirements and making any necessary ...

CIPS L6M8 - Innovation in Procurement and Supply Exam With Complete Solutions 2024 Supply chain integration - answerSupply chain integration requires the procurement professional to develop strategic collaboration with key supply chain partners and understand customer requirements. Behaviours t...

CIPS L4M7 Whole Life Asset Management Exam With Complete Solutions Types of Stock Opening Stock Raw Materials Secondary Components Work in Progress Finished Goods Safety/Buffer Stock Stockout Causes of Obselence Technical Change Cultural Change Legislation Causes of Redundancy Poor Fo...

CIPS L5M9 Operations Management LO1 Operations Management - answerThe processes of managing the resources and processes involved in the acquisition and transformation of inputs and the distribution of outputs. Five Key Performance Dimensions / Performance Objectives - Slack and Brandon-Jones - a...

CIPS L4M2 Defining Business Need Exam Questions With 100% Correct Answers Fixed Cost (FC) Costs that remain the same irrespective of business activity or volume Variable Cost (VC) Costs that vary with the level of output Market Factors Objectives Drivers Governance Ownership Commodity or ...

CIPS L4M2 Defining Business Need Exam Questions With 100% Correct Answers Types of Purchases new buy, straight rebuy, modified rebuy Straight rebuy purchase Routine purchases of the same products under approximately the same terms of sale Modified rebuy purchase When new-task purchases are ch...

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 th...

L4M3 - CIPS: Commercial Contracting Exam Questions With 100% Correct Answers Ad-Hoc Purchase - answerAn item bought for a single and non-recurring use or purpose Alternative Dispute Resolution (ADR) - answerAny method of resolving a dispute between two parties which does not involve court actio...

CIPS L4M1 Scope and Influence of Procurement and Supply Exam With Complete Solutions 2024 What is Procurement? Procurement is a STRATEGIC function of a business obtains something Tangible as goods or Intangible as services. Include Purchasing Inventory, Logistics, Supply, Waste Management Qual...