Kraljic matrix - Study guides, Class notes & Summaries

CIPS L4M2 LATEST 2024 ALREADY PASSED Re-buy It is not necessary to specify a new specification or to source the market. Call-off or framework agreement. A preferred supplier is in place Modified Buy Review of existing contract requirements and making any necessary amendments such as to build additional benefits, streamline the business or to establish new KPIs/SLAs. Where some of the specification or requirements have changed. New Buy A new purchase outlines requirements that have...

CIPS L4M2Re-buy - correct answer It is not necessary to specify a new specification or to source the market. Call-off or framework agreement. A preferred supplier is in place Modified Buy - correct answer Review of existing contract requirements and making any necessary amendments such as to build additional benefits, streamline the business or to establish new KPIs/SLAs. Where some of the specification or requirements have changed. New Buy - correct answer A new purchase outlines requi...

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 L4M2 questions with correct answers graded 2024Re-buy - correct answer It is not necessary to specify a new specification or to source the market. Call-off or framework agreement. A preferred supplier is in place Modified Buy - correct answer Review of existing contract requirements and making any necessary amendments such as to build additional benefits, streamline the business or to establish new KPIs/SLAs. Where some of the specification or requirements have changed. New Buy - c...

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

CIPS L4M2 EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ Re-buy Correct Answer: It is not necessary to specify a new specification or to source the market. Call-off or framework agreement. A preferred supplier is in place Modified Buy Correct Answer: Review of existing contract requirements and making any necessary amendments such as to build additional benefits, streamline the business or to establish new KPIs/SLAs. Where some of the specification or...

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...

definition of procurement - ANSWER procurement is a strategic function of the business that includes, added value, cost, inventory, Logistics, purchasing,ordering, quality and supply /delivery Kraljic Matrix - ANSWER A tool for portfolio analysis: a four-box matrix that reflects the segmentation of spend based on an assessment of the value of the spend relative to the market risk to acquire organisational costs - fixed - ANSWER Do not change the output of an organisation ie salaries, Insur...

CIPS L4M2 Exam Questions With 100% Correct Answers Re-buy - answerIt is not necessary to specify a new specification or to source the market. Call-off or framework agreement. A preferred supplier is in place Modified Buy - answerReview of existing contract requirements and making any necessary amendments such as to build additional benefits, streamline the business or to establish new KPIs/SLAs. Where some of the specification or requirements have changed. New Buy - answerA new purchase o...

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...