Cips l4m8 - Study guides, Class notes & Summaries

CIPS L4M8Stage 13: Assets management/end of life - correct answer The procurement professional should evaluate whether the need is still current. If it is and unchanged, the procurement cycle process commences again but from a different stage as the need is already known and understood. If the need is not required the buyer should manage the end of life by reducing stock levels and informing the supplier Anti-bribery procedures - correct answer -Proportionate procedures: should be in line w...

CIPS L4M8 Chapter 1 latest 2024

CIPS L4M8 LO2 Exam Questions With Verified Answers what are the stages of ordering? - answer1) user need 2) raise requisition 3) approved process 4) issue PO 5) receive goods/service 6) approve invoice what are the stages of sourcing? - answer1) understand the need 2) develop strategy 3) raise requisition 4) source suppliers 5) issue ITT/RFQ 6) negotiate and award contract 7) SRM/contract management in what locations can sourcing take place? - answer- localised - regional - nati...

CIPS L4M8 LO2 Exam Questions and Answers 100% pass what are the stages of ordering? - Correct Answer ️️ -1) user need 2) raise requisition 3) approved process 4) issue PO 5) receive goods/service 6) approve invoice what are the stages of sourcing? - Correct Answer ️️ -1) understand the need 2) develop strategy 3) raise requisition 4) source suppliers 5) issue ITT/RFQ 6) negotiate and award contract 7) SRM/contract management in what locations can sourcing take place? - Cor...

1. Stage 13: Assest management/end of life: The procurement professional should evaluate whether the need is still current. If it is and unchanged, the pro- curement cycle process commences again but from a different stage as the need is already known and understood. If the need is not required the buyer should manage the end of life by reducing stock levels and informing the supplier 2. Anti-bribery procedures: -Proportionate procedures: should be in line with the ype of bribery risk and scale...

CIPS L4M8 Chapter 1 Exam Questions With Verified Answers The 13 Stages of the Procurement Cycle - answerStage 1 - Identify need and develop spec. Stage 2 - Market commodity/make or buy options. Stage 3 - Develop Strategy/Plan Stage 4 - Pre procurement market tests Stage 5 - Prepare Documentation Stage 6 - Supplier Selection Stage 7 - Send ITT Stage 8 - Receive & Evaluate Bids Stage 9 - Award contract Stage 10 - Warehouse/logistics prep Stage 11 - Contract management Stage 12 - Relat...

CIPS L4M8 LO3 Exam Questions and Answers 100% Pass what is a fixed asset? - Correct Answer ️️ -assets that are purchased for long-term use and not intended to be converted directly into cash what is included in whole life asset management? - Correct Answer ️️ -- lessons learned feeds into identification of needs/specification - pre-acquisition costs - acquisition costs - installation and commissioning costs - operating costs - maintenance costs - performance/downtime monitorin...

CIPS L4M8 theories Exam Questions and Answers 100% Pass Carters 10 C's - Correct Answer ️️ -Competence Capacity Commitment Control Cash Cost Consistency Clean Culture Communication CIPS relationship spectrum - supplier selection - Correct Answer ️️ -Adversarial Arms length Transactional Bespoke Outsourced Strategic Collaborative Partnership Co-destiny / joint venture Carter's Outsource Matrix - Correct Answer ️️ -Strategic Alliance - core Retain - core Elimin...

what are the stages of ordering? 1) user need 2) raise requisition 3) approved process 4) issue PO 5) receive goods/service 6) approve invoice what are the stages of sourcing? 1) understand the need 2) develop strategy 3) raise requisition 4) source suppliers 5) issue ITT/RFQ 6) negotiate and award contract 7) SRM/contract management in what locations can sourcing take place? - localised - regional - national - global what factors does the buyer need to cons...

CIPS L4M8 LO2 Exam Questions With Verified Answers what are the stages of ordering? - answer1) user need 2) raise requisition 3) approved process 4) issue PO 5) receive goods/service 6) approve invoice what are the stages of sourcing? - answer1) understand the need 2) develop strategy 3) raise requisition 4) source suppliers 5) issue ITT/RFQ 6) negotiate and award contract 7) SRM/contract management in what locations can sourcing take place? - answer- localised - regional - nati...