L4m1 - Study guides, Class notes & Summaries

What is corporate governance? - ANSWER Corporate governance is the system of standards, procedures and policies by which an organisation is controlled - a framework that is created around the organisation's values and objectives, making an organisation effective, efficient and successful What is a conflict of interest? - ANSWER A conflict of interest occurs when a procurement professional has to make a decision that may affect them personally

CIPS L4M1 - Question & Answer Past Exam Questions Already Passed O1. Outline FIVE differences between purchasing goods and purchasing services. 1. Goods are tangible, services are intangible: 2. Services cannot be separated from their supplier: 3. Heterogeneity: goods are usually uniform in nature while services are unique at each delivery 4. Services 'perish' immediately on delivery whereas goods can be stored until required 5. Products are easier to specify, being tangible O2. Ex...

CIPs L4M1 LO1- Questions and Answers Supply Chain Network Correct Ans-Evolution of basic supply chain to include all other parties involved in the entire supply process rather than just one element. A two-way exchange of information. A one-way flow of good

CIPS L4M1 EXAM STUDY GUIDE SUMMARIZED AND VERIFIED

CIPS L4M1 Scope and Influence of Procurement and Supply Questions with Complete Solutions

CIPS L4M1 questions with complete solutions 2024/2025Stakeholders - correct answer In any activity an organization undertakes, whether strategic, operational or tactical, the activity can only be successful with the input, commitment and support of its key stakeholders. Gaining and maintaining the support and commitment of stakeholders requires a continuous process of engaging the right stakeholders at the right time and understanding and managing their expectations. Global Supply Chains - ...

CIPS L4M1 (Level 4 Module 1) SUMMARIZED STUDY GUIDE RATED A.

L4M1 Scope of influence of procurement and supply Questions and Answers Kraljic's Portfolio analysis / Matrix Correct Ans-1) Leverage - high cost, low risk (vast competition, low cost to switch). ricity. 2) Strategic - high cost, high risk. (critical supplier, core products)

CIPS L4M1 SUMMARIZED STUDY GUIDE TO ACE YOUR EXAMs

Stakeholders - ANSWER In any activity an organization undertakes, whether strategic, operational or tactical, the activity can only be successful with the input, commitment and support of its key stakeholders. Gaining and maintaining the support and commitment of stakeholders requires a continuous process of engaging the right stakeholders at the right time and understanding and managing their expectations. Global Supply Chains - ANSWER a dynamic worldwide network when a company purchases or ...