L4m8 cips - Study guides, Class notes & Summaries

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...

CIPS L4M8 Chapter 1 Questions and Answers 100% Pass The 13 Stages of the Procurement Cycle Stage 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 - Relationship m...

CIPS l4m8 Exam Questions And Answers S in STEEPLED - ANS Socio Cultural T in STEEPLED - ANS Technological 3 Es in STEEPLED - ANS Economic Environmental Ethical P in STEEPLED - ANS Political L in STEEPLED - ANS Legal D In STEEPLED - ANS Demographic factors The STEEPLED analysis - ANS Popular tool for analysing the macro environment 5 forces model - ANS Threat from new entrants Threat from substitutes Buyers bargaining power Suppliers...

CIPS L4M8 Exam Questions And Answers Stage 13: Assest management/end of life The procurement professional should evaluate whether the need is still current. If it is and unchanged, the procurement cycle 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 -Proportionate procedures: should be in line with the yp...

L4M8 Procurement & Supply in Practice Exam Questions And Answers How many stages are there within the CIPS Procurement Cycle? - ANS The CIPS procurement cycle has 13 stages: 1. Understand the need and develop a high-level specification. 2. Market/commodity options including make-versus-buy 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. Supplier s...

CIPS L4M8 Chapter 2 Exam Questions And Answers Sourcing involves - ANS identifying and vetting those suppliers who are able to supply the product or service, as required in a specification from a procurement professional Different stages of Ordering - ANS - User need - Raise requisition - Approved process - Issue PO - Receive goods/service - Approve invoice Different stages of Sourcing - ANS - Understand the need - Develop strategy - Raise requisition - Source sup...

CIPS L4M8 Chapter 1 Exam Questions And Answers The 13 Stages of the Procurement Cycle - ANS Stage 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 - Relatio...

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...

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...

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...