Cips l4m8 theories - Study guides, Class notes & Summaries

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 of required documentation, e.g. request for quotation (RFQ) Stage 6 - Supplier selection to participate in an invitation to tender (ITT) exercise Stage 7 - Issue invitation to tender/request for qu...

CIPS L4M8 theories Questions with Correct Answers Graded 100% Pass Acceptance - Answer Silence can not be acceptance Ansoff Matrix - market penetration - Answer Lowest risk strategy market penetration - existing market & existing product product development- existing market & new product market development - new market & existing product diversification - new market & new product Highest risk strategy Belbin Team Roles - Answer Thought orientated - evaluator People orientated - co-ordi...