CIPS L4M2 Defining Business Need: Questions and answers/| LATEST UPDATE | EXAM PREDICTION QUESTIONS |
23 views 1 purchase
Module
CIPS
Institution
CIPS
CIPS L4M2 Defining Business Need:
Questions and answers/
Types of Purchases
new buy, straight rebuy, modified rebuy
Straight rebuy purchase
Routine purchases of the same products under approximately the same terms of sale
Brainpower
Read More
Previous
Play
Next
Rewind 10 seconds
Move f...
CIPS L4M2 Defining Business Need:
Questions and answers/
Types of Purchases
new buy, straight rebuy, modified rebuy
Straight rebuy purchase
Routine purchases of the same products under approximately the same terms of sale
Brainpower
Read More
Previous
Play
Next
Rewind 10 seconds
Move forward 10 seconds
Unmute
0:00
/
0:00
Full screen
Modified rebuy purchase
When new-task purchases are changed on repeat orders or straight rebuy purchases are modified
New purchase
A purchase of an item for the first time
Examples of straight rebuy purchases
Utilities (gas, water, electricity)
MRO ( Maintenance, repair and operating items)
Raw materials (steel, chemicals)
Examples of modified rebuy purchases
,Services (Consulting)
Components or semifinished products
ICT
Examples of New purchases
Capital Items
Finished products
Products from resales
Task in a new purchasing
Understand the business requirement
Writing and effective communication
Researching the supply market
Researching key suppliers in that market
Deciding on the key capabilities that suppliers must have
Writing invitation to tender documentation
Managing the tender process
Negotiating
Selecting the supplier.
straight re-buy decision
A purchase decision resulting from an ongoing purchasing relationship with a supplier
modified rebuy decision
a purchase decision that occurs when a buyer has experience in purchasing a product in the past but is
interested in acquiring additional information regarding alternative products and/or suppliers
new purchase decision
A purchase decision that made when the buyer identifies a new requirement. (New Product, technology
change, changes in the legislation to offer a new service)
Private sector Mission and Purpose
Supply the needs and improve the enduser lives maximizing the profits and provide a financial return to
its share holders.
Public sector Mission and Purpose
Provide services not available by non profit organization.
Terms of RAQSCI Model
Regulatory
Availability
Quality
Service requirement
, Cost
Innovation
RAQSCI Regulatory
Covers any legal requirements or requirements of regulatory bodies
RAQSCI Abailability
Covers the continuing supply of goods and services when required and is based on factors , such as
capacity , financial stability and risk.
RAQSCI Quality
this is the consistency, repeatability and how fit for propose the procured goods and services are
RAQSCI Service requirements
are factors associated with the way services are supplied for example flexibility, support and help desk.
RAQSCI Cost
Cost and price: target cost, total cost of ownership, benchmarked prices, continues improvements.
RAQSCI Innovation
improvement customer experience
Use of RAQSCI Model
Identified business requirements
Business requirements things to consider
Collect Information
categorize potencial stakeholders
Identify individuals who contribute to the acquisition
On completion analisys
Straight rebuy steps
List of approved suppliers
New suppliers are not considered
the process for ordering is a procurement approved and routine
Buyers experience
Why is the capability of a supplier important to a a buyer?
Provide special skills
World-class processes
Qualification from regulatory bodies (ISO)
Leading edge software
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Terryl. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £9.37. You're not tied to anything after your purchase.
