CIPS L4M4 LO3 Exam Questions and Answers 4 Exam (elaborations) CIPS L4M6 LO3|Understand the concept of partnering 3.1, 3.2 &3.3- Qs & As 5 Exam (elaborations) CIPS L4M4 LO4|Understand ethical and responsible sourcing-Questions and Answers 6 Exam (elaborations) CIPS Exam with Complete Solutions 1...
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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
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Add to cartCIPs 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
CIPS L4M4 LO1(Ethical and Responsible Sourcing) Questions and Answers What are Porters Five Forces? Correct Ans-- Threat of new entrants - Bargaining power of buyers - Threat of substitutes - Bargaining power of suppliers - Rivalry among existing competitors
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Add to cartCIPS L4M4 LO1(Ethical and Responsible Sourcing) Questions and Answers What are Porters Five Forces? Correct Ans-- Threat of new entrants - Bargaining power of buyers - Threat of substitutes - Bargaining power of suppliers - Rivalry among existing competitors
CIPS L4M4 LO3 Exam Questions and Answers what are the legislations of marketplace competition? Correct Ans-- treaty of rome (section 7) - competition act 1998 - competition act No 89 of 1998 - competition and consumer act 2010 - the sherman antitrust act
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Add to cartCIPS L4M4 LO3 Exam Questions and Answers what are the legislations of marketplace competition? Correct Ans-- treaty of rome (section 7) - competition act 1998 - competition act No 89 of 1998 - competition and consumer act 2010 - the sherman antitrust act
CIPS L4M6 LO3|Understand the concept of partnering 3.1, 3.2 &3.3- Qs & As what are the partnership advantages for the buyer? Correct Ans-- as partnership relationships are generally long term, the buyer is likely to be able to gain price stability from the supplier. this will aid in planning ...
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Add to cartCIPS L4M6 LO3|Understand the concept of partnering 3.1, 3.2 &3.3- Qs & As what are the partnership advantages for the buyer? Correct Ans-- as partnership relationships are generally long term, the buyer is likely to be able to gain price stability from the supplier. this will aid in planning ...
CIPS L4M4 LO4|Understand ethical and responsible sourcing-Questions and Answers what are human rights? Correct Ans-rights or principles based on shared values that are accepted as belonging to every person, regardless of background
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Add to cartCIPS L4M4 LO4|Understand ethical and responsible sourcing-Questions and Answers what are human rights? Correct Ans-rights or principles based on shared values that are accepted as belonging to every person, regardless of background
CIPS Exam with Complete Solutions 100% Pass Compromise - if the stakeholder has a valid concern then be prepared to Change strategy and accommodate their feedback ROI Correct Ans-return on investment - profit = sales - cost of goods sold
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Add to cartCIPS Exam with Complete Solutions 100% Pass Compromise - if the stakeholder has a valid concern then be prepared to Change strategy and accommodate their feedback ROI Correct Ans-return on investment - profit = sales - cost of goods sold
L4M1 - CIPS: Scope and Influence of Procurement and Supply-Questions and Answers Competitive Dialogue with negotiation Correct Ans-Multi-stage process involving negotiation with the bidders Compliance Correct Ans-Conformed to rules and regulations
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Add to cartL4M1 - CIPS: Scope and Influence of Procurement and Supply-Questions and Answers Competitive Dialogue with negotiation Correct Ans-Multi-stage process involving negotiation with the bidders Compliance Correct Ans-Conformed to rules and regulations
CIPS Level 4 Module 1- Questions and Answers Scope of Procurement Correct Ans-1. Contributor of Added Value 2. Manages cost of procured materials & services on behalf of an organisation 3. Helps manage inventory 4. Works alongside logistics partner function
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Add to cartCIPS Level 4 Module 1- Questions and Answers Scope of Procurement Correct Ans-1. Contributor of Added Value 2. Manages cost of procured materials & services on behalf of an organisation 3. Helps manage inventory 4. Works alongside logistics partner function
CIPS L4M3 LO1-Legal issues in relation to commercial contracts- Qs & As what issues can occur as a result of misunderstanding in the specification? Correct Ans-- poor bids being received - claims for extensions of time or additional payments - administration costs resulting from contract clari...
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Add to cartCIPS L4M3 LO1-Legal issues in relation to commercial contracts- Qs & As what issues can occur as a result of misunderstanding in the specification? Correct Ans-- poor bids being received - claims for extensions of time or additional payments - administration costs resulting from contract clari...
L4M3 - CIPS: Commercial Contracting- Questions and Answers What is stage 1 of the CIPS procurement cycle? Correct Ans-Understanding the need and developing a high- level specification
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Add to cartL4M3 - CIPS: Commercial Contracting- Questions and Answers What is stage 1 of the CIPS procurement cycle? Correct Ans-Understanding the need and developing a high- level specification
L4M8 CIPS level 4 Glossary 2-Questions and Answers 100 Pass Whats is included in a requisition Correct Ans-Date Description Supplier Quantity When Where Why Who Approval
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Add to cartL4M8 CIPS level 4 Glossary 2-Questions and Answers 100 Pass Whats is included in a requisition Correct Ans-Date Description Supplier Quantity When Where Why Who Approval
CIPS L4M1 Definitions- Questions and Answers 100% Pass Cost of Sales Correct Ans-Amount of money directly attributable to the production of goods or services that are sold
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Add to cartCIPS L4M1 Definitions- Questions and Answers 100% Pass Cost of Sales Correct Ans-Amount of money directly attributable to the production of goods or services that are sold
CIPS L4M1 - Key Phrases Questions and Answers Compliance Correct Ans-Conforming to rules and regulations Conflict of interest Correct Ans-A situation where a person has conflicting loyalties
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Add to cartCIPS L4M1 - Key Phrases Questions and Answers Compliance Correct Ans-Conforming to rules and regulations Conflict of interest Correct Ans-A situation where a person has conflicting loyalties
CIPS L4M7 Questions and Answers 100% Solved Slow moving items Correct Ans-Items that tend to remain in store for relatively long time Fast moving items Correct Ans-Items that are held for only a short time before despatched Category a Correct Ans-High usage/fast moving items
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Add to cartCIPS L4M7 Questions and Answers 100% Solved Slow moving items Correct Ans-Items that tend to remain in store for relatively long time Fast moving items Correct Ans-Items that are held for only a short time before despatched Category a Correct Ans-High usage/fast moving items
CIPS L4M2 Exam Questions and Answers Total cost of ownership Correct Ans-Is how much it costs to own the product over its lifetime until disposal.
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Add to cartCIPS L4M2 Exam Questions and Answers Total cost of ownership Correct Ans-Is how much it costs to own the product over its lifetime until disposal.
CIPS Quiz- Questions and Answers 100% Pass Capability Correct Ans-The ability of a supplier to meet an organisation's specific business requirements Capacity Correct Ans-The output of a busines
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Add to cartCIPS Quiz- Questions and Answers 100% Pass Capability Correct Ans-The ability of a supplier to meet an organisation's specific business requirements Capacity Correct Ans-The output of a busines
CIPS Supplier Relationships L4M6 Learning Outcome 2- Questions and Answers Added value through suppler relationships Correct Ans--Being able to identify and use an appropriate approach to deal with supplier. -Innovation developed as part of collaborative projects with strategic suppliers -Red...
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Add to cartCIPS Supplier Relationships L4M6 Learning Outcome 2- Questions and Answers Added value through suppler relationships Correct Ans--Being able to identify and use an appropriate approach to deal with supplier. -Innovation developed as part of collaborative projects with strategic suppliers -Red...
CIPS Level 3 Module 1- Questions and Answers 100% Pass What is cost reimbursable pricing arrangement? Correct Ans-The supplier is reimbursed all of its costs as well as an agreed amount for profit. This is commonly used when the amount of work required isn't clear at the start of the proje...
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Add to cartCIPS Level 3 Module 1- Questions and Answers 100% Pass What is cost reimbursable pricing arrangement? Correct Ans-The supplier is reimbursed all of its costs as well as an agreed amount for profit. This is commonly used when the amount of work required isn't clear at the start of the proje...
CIPS L4M8 Chapter 1- Questions and Answers 100% Solved To fully understand the market pricing, procurement professionals should research the level of competition. The .... .... ... model is an established way of assessing the competition Correct Ans-Porter's Five Forces
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Add to cartCIPS L4M8 Chapter 1- Questions and Answers 100% Solved To fully understand the market pricing, procurement professionals should research the level of competition. The .... .... ... model is an established way of assessing the competition Correct Ans-Porter's Five Forces
CIPS L4M1-Exam Questions and Answers True or False: Fixed assets to an organisation are usually capital purchases Correct AnsTrue True or False: Added value includes innovation from suppliers Correct Ans-Tru
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Add to cartCIPS L4M1-Exam Questions and Answers True or False: Fixed assets to an organisation are usually capital purchases Correct AnsTrue True or False: Added value includes innovation from suppliers Correct Ans-Tru
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