Cips level 4 - Study guides, Class notes & Summaries

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. Por...

CIPS LEVEL 4 MODULE 1 EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ The Purchasing process Correct Answer: 1. Define Specification. 2. Select Supplier 3. Contract Agreement 4. Ordering 5. Expediting 6. Evaluation Follow up Definition of Procurement & Supply Correct Answer: recognition of the fact that the purchasing function has a role in not just "buying inputs" but in "securing supply" Direct Costs Correct Answer: These are costs which can b...

The Purchasing process 1. Define Specification. 2. Select Supplier 3. Contract Agreement 4. Ordering 5. Expediting 6. Evaluation Follow up Definition of Procurement & Supply recognition of the fact that the purchasing function has a role in not just "buying inputs" but in "securing supply" Direct Costs These are costs which can be identified directly with the production of a good or service; e.g. raw materials. Usually strategic or leverae suppliers Indirect Costs Thes...

CIPS Level 4 Module 1

CIPS Level 4 Module 1 Exam Questions & Answers

CIPS Level 4 Module 1

CIPS Level 4 Module 1.

The Purchasing process - 1. Define Specification. 2. Select Supplier 3. Contract Agreement 4. Ordering 5. Expediting 6. Evaluation Follow up Definition of Procurement & Supply - recognition of the fact that the purchasing function has a role in not just "buying inputs" but in "securing supply" Direct Costs - These are costs which can be identified directly with the production of a good or service; e.g. raw materials. Usually strategic or leverae suppliers Indirect Costs - These ar...

L4M8 CIPS level 4 Glossary 2

CIPS Level 4 Module 1 Solved 100% Correct!!