COMPLETE PACKAGE-::CIPS EXAMS(LATEST) GUARANTEED SUCCESS

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

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

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 ...

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

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

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

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

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...

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

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

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

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

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

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.