CIPS EXAM PACK | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+

CIPS LEVEL 3 MODULE 1 EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ What does STEEPLED stand for? (External factors - macro environment) Correct Answer: Sociological, technological, economic, environmental, political, legal, ethical, demographic How many empl...

CIPS EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ Acceptance testing Correct Answer: A form of testing used to determine if the requirements of a specification or contract are met Accrual Correct Answer: An adjustment made to a set of financial accounts to ...

CIPS EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ Tender Process Correct Answer: Determine style of tender Prepare invitation -include info so all bidders understand the need and send a suitable bid Send ITT using suitable platform Receive bids - any bids ...

CIPS L4M1 - EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ O1. Outline FIVE differences between purchasing goods and purchasing services. Correct Answer: 1. Goods are tangible, services are intangible: 2. Services cannot be separated from their supplier: 3. Het...

CIPS L5M9 OPERATIONS MANAGEMENT LO1 EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ Operations Management Correct Answer: The processes of managing the resources and processes involved in the acquisition and transformation of inputs and the distribution of out...

CIPS LEVEL 4 MODULE 1 EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ The Purchasing process Correct Answer: 1. Define Specification. 2. Select Supplier 3. Contract Agreement 4. Ordering 5. Expediting 6. Evaluation Follow up Definition of Procurement & Suppl...

CIPS L4M4 LO1 EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ What is sourcing? Correct Answer: Sourcing is the location, acquisition and management of all the vital inputs required for an organisation to operate. What is tactical/operational sourcing? Correct ...

CIPS L4M8 CHAPTER 1 EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ The 13 Stages of the Procurement Cycle Correct Answer: Stage 1 - Identify need and develop spec. Stage 2 - Market commodity/make or buy options. Stage 3 - Develop Strategy/Plan Stage 4 - Pre pr...

L4M3 - CIPS: COMMERCIAL CONTRACTING EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ Ad-Hoc Purchase Correct Answer: An item bought for a single and non-recurring use or purpose Alternative Dispute Resolution (ADR) Correct Answer: Any method of resolving a dispu...