100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
L4M8 CIPS Level 4 Glossary 2 £13.89   Add to cart

Exam (elaborations)

L4M8 CIPS Level 4 Glossary 2

 10 views  0 purchase
  • Module
  • L4M8 CIPS Level 4 Glossary 2
  • Institution
  • L4M8 CIPS Level 4 Glossary 2

L4M8 CIPS Level 4 Glossary 2L4M8 CIPS Level 4 Glossary 2L4M8 CIPS Level 4 Glossary 2L4M8 CIPS Level 4 Glossary 2 Name the 13 stages of the procurement cycle - ANSWER-1. Understand the need. 2. Market Commodity options. 3. Develop Stratgey/ Plan. 4. Pre-procurement / market test. 5. Develop...

[Show more]

Preview 4 out of 34  pages

  • October 2, 2024
  • 34
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • L4M8 CIPS Level 4 Glossary 2
  • L4M8 CIPS Level 4 Glossary 2
avatar-seller
L4M8 CIPS Level 4 Glossary 2


Name the 13 stages of the procurement cycle - ANSWER-1. Understand the

need.

2. Market Commodity options.

3. Develop Stratgey/ Plan.

4. Pre-procurement / market test.

5. Develop required documentation.

6. Supplier Selection.

7. Issue invitation to tender.

8. Bid / tender evaluation.

9. Contract Award.

10. Warehouse logistics & receipt.

11. Contract performance review and continuous improvement.

12. Supplier relationships / contract management.

13. Asset management / end of life.




Porters 5 Forces - ANSWER-*Rivalry among competitors;

,*Threat of new entrants;

*Threat of substitute products;

*Bargaining power of buyers;

*Bargaining power of suppliers;




Carters outsource matrix - ANSWER-Strategic Alliance

Retain

Eliminate

Outsource




Carters 10C's - ANSWER-Competency

Capacity

Consistancy

Control

Cost

Commitment

Cash

Clean

Culture

,Communication




The continuous improvement Cycle - ANSWER-Identify

Plan

Execute

Review




Ansoff matrix - ANSWER-market penetration

product development

market development

diversification




type of Benchmarking - ANSWER-Process

performance

strategic




Relationship Spectrum - ANSWER-Adversarial

Arms length

, Transactional

Closer tactical

single sourced

outsourced

strategic alliance

pernership

co-destiny




Kraljic Matrix - ANSWER-Leverage Suppliers

Strategic Suppliers

Routine Suppliers

Bottleneck Suppliers




a requisition can take the following forms - ANSWER-Verbal

Handwritten

E-mail

Automated




Whats is included in a requisition - ANSWER-Date

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

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 NursingTutor1. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £13.89. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

66579 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£13.89
  • (0)
  Add to cart