L4m1 lo1 - Study guides, Class notes & Summaries

vCIPs L4M1 LO1 Exam Questions and Answers (Graded A)CIPs L4M1 LO1 Exam Questions and Answers (Graded A)CIPs L4M1 LO1 Exam Questions and Answers (Graded A)CIPs L4M1 LO1 Exam Questions and Answers (Graded A) Procurement - ANSWER-Involves obtaining something either tangible (goods) or intangible (services). The process begins by identifying a need and is complete once that need is delivered. It is a strategic function. tangible - ANSWER-capable of being touched; real, concrete intangible - A...

CIPs L4M1 LO1 Questions with All Correct Answers 100% VerifiedCIPs L4M1 LO1 Questions with All Correct Answers 100% VerifiedCIPs L4M1 LO1 Questions with All Correct Answers 100% VerifiedCIPs L4M1 LO1 Questions with All Correct Answers 100% VerifiedCIPs L4M1 LO1 Questions with All Correct Answers 100% Verified Procurement - ANSWER-Involves obtaining something either tangible (goods) or intangible (services). The process begins by identifying a need and is complete once that need is delivered. It...

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

Procurement - ANSWER Involves obtaining something either tangible (goods) or intangible (services). The process begins by identifying a need and is complete once that need is delivered. It is a strategic function. tangible - ANSWER capable of being touched; real, concrete intangible - ANSWER unable to be touched or grasped; not having physical presence Procurement elements - ANSWER 1. Added Value 2. Cost

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...

Procurement - answer-Involves obtaining something either tangible (goods) or intangible (services). The process begins by identifying a need and is complete once that need is delivered. It is a strategic function. tangible - answer-capable of being touched; real, concrete intangible - answer-unable to be touched or grasped; not having physical presence Procurement elements - answer-1. Added Value 2. Cost 3. Inventory 4. Logistics 5. Purchasing 6. Quality 7. Supply 8. Waste Manage...

CIPs L4M1 LO1 WITH ANSWERS GRADED A+