Porters 5 forces - Study guides, Class notes & Summaries

L4M8 CIPS level 4 Glossary 2 Questions and Answers 100% Pass Name the 13 stages of the procurement cycle - Correct 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. Supplie...

Skills, experience, and expertise coupled with information and intelligence that creates a person's intellectual resources. The Functional Structure - answerBusiness processes are CROSS FUNCTIONAL (no group is solely responsible for the execution Systems Thinking - answerA way of monitoring the entire system by viewing multiple inputs being processes or transformed to produce outputs while continuously gathering feedback on each part Porter's 5 Forces - answer-Supplier power (influence ...

CIPS L4M4 LO1 QUESTIONS AND ANSWERS 100% PASS What is sourcing? Sourcing is the location, acquisition and management of all the vital inputs required for an organisation to operate. What is tactical/operational sourcing? Low-level decision making High profit, low risk items Short-term projects Transactional relationships What is strategic sourcing? Top-level decision making High-profit, high-risk items Long-term projects Collaborative relationships What aspects typically re...

L4M8 Procurement & Supply in Practice Questions and Answers 100% Pass How many stages are there within the CIPS Procurement Cycle? - Correct Answer ️️ - The CIPS procurement cycle has 13 stages: 1. Understand need and develop a high-level specification. 2. Market/commodity options including make-versus-but assessment. 3. Develop strategy/plan. 4. Pre-procurement market tests and market engagement. 5. Development of required documentation, e.g. request for quotation (RFQ). 6. Supplie...

L4M8 CIPS level 4 Glossary 2 Questions and Answers 100% Pass Name the 13 stages of the procurement cycle - Correct 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. Supplie...

Strategic Competitiveness - achieved when a firm successfully formulates and implements a value-creating strategy Strategy - integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage Competitive Advantage - when it implements a strategy that creates superior value for customers and competitors are unable to duplicate or find too costly to try to imitate. Above average returns - returns in excess of what an investor e...

L4M8 CIPS level 4 Glossary 2 Exam Questions With Verified Answers Name the 13 stages of the procurement cycle - answer1. 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 relationshi...

International Business Exam Questions and Answers According to Interactive illustration 1: Porter's forces framework in the core reading, the impact of a reduced threat of entry is that: - Answer-profitability increases because willingness to pay increases, price increases and cost decrease Porters 5 forces framework suggests which of the following? - Answer-Changes in suppliers technologies can alter the competitive environment within the focal industry Porters 5 forces framework is ...

Value chain analysis - Answer-views a firm as a series of business processes that each add value to the product or service Primary activities in the value chain - Answer-found at the bottom of the value chain, these include business processes that acquire raw materials and manufacture, deliver, market, sell and provide aftersales services Support Activities in the Value Chain - Answer-found along the top of the value chain and includes business processes, such as firm infrastructure, human ...

BTMA Midterm Prep Questions Correctly Answered. Business Strategy - correct answer 1. Marketing Strategy 2. IT Strategy 3. Operations Strategy 4. Product Strategy Alignment - correct answer Michael Porter - #1 Purpose is ______ Simplified Value Chain - correct answer 1. Defining Value Chain 2. Capturing Cost Data 3. Controlling Cost 4. Cutting Buyers Cost 5. Determining Purchasing Criteria 6. Reconfiguring Value Chain Industry Analysis - correct answer 1. Competitive Forces 2....