CIPS L4M1 EXAM WITH GUARANTEED ACCURATE ANSWERS |VERIFIED
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Course
CIPS L4M1
Institution
CIPS L4M1
Tangible - Accurate Answers An item or product which you are able to touch, feel and, importantly, measure
Intangible - Accurate Answers Something you cannot physically see or touch
Strategic - Accurate Answers High level planning, including setting direction and long-term goals
Inventory ...
CIPS L4M1 EXAM 2024\2025
CIPS L4M1 EXAM 2024\2025 WITH GUARANTEED ACCURATE ANSWERS |VERIFIED
Tangible - Accurate Answers✔✔✔ An item or product which you are
able to touch, feel and, importantly, measure
Intangible - Accurate Answers✔✔✔ Something you cannot physically
see or touch
Strategic - Accurate Answers✔✔✔ High level planning, including
setting direction and long-term goals
Inventory - Accurate Answers✔✔✔ Components, raw materials, work
in progress, finished goods and suppliers required for the creation of
goods and services for the customer. It can also refer to the number of
units and/or value of the stock of goods held by a company
, Expediting - Accurate Answers✔✔✔ The process involved in the
progress of an order to ensure stock is received as quickly as possible
Primary sector - Accurate Answers✔✔✔ Industry sector that extracts
raw materials
Secondary sector - Accurate Answers✔✔✔ Industry sector that
manufactures things
Tertiary sector - Accurate Answers✔✔✔ Industry sector that provides
services
Supply chain - Accurate Answers✔✔✔ A channel of goods distribution,
which starts with the supplier of raw materials or components, moves
through a operational process to the distributor and retailer, and finally
to the consumer
Upstream (supply chain) - Accurate Answers✔✔✔ The supply flow of
raw materials, components, parts, etc., needed for production
Downstream (supply chain) - Accurate Answers✔✔✔ The supply chain
that the organisation feeds into, from product to end user
Ethics - Accurate Answers✔✔✔ Principles that govern a person's or
organisation's behaviour
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