L4M1 - CIPS: PAST EXAM REVIEW 100% PASS QUESTIONS WITH DETAILED ANSWERS | A+ GRADE ASSURED // LATEST
8 views 0 purchase
Module
CIPS
Institution
CIPS
O1. Outline FIVE differences between purchasing goods and purchasing services. - ANS 1. Goods are tangible, services are intangible:
2. Services cannot be separated from their supplier:
3. Heterogeneity: goods are usually uniform in nature while services are unique at each delivery
4. Services...
L4M1 - CIPS: PAST EXAM
REVIEW 100% PASS
QUESTIONS WITH
ck
DETAILED ANSWERS | A+
lo
GRADE ASSURED //
LATEST
yc
ud
st
, O1. Outline FIVE differences between purchasing goods and purchasing services. - ANS 1.
Goods are tangible, services are intangible:
2. Services cannot be separated from their supplier:
3. Heterogeneity: goods are usually uniform in nature while services are unique at each delivery
4. Services 'perish' immediately on delivery whereas goods can be stored until required
5. Products are easier to specify, being tangible
O2. Explain THREE circumstances in which a competitive tendering exercise might not be the
best approach to making a purchase. - ANS 1. Urgency
2. Commercial confidentiality or national security (e.g. military organizations):
3. Value of the purchase:
4. Production costs cannot be measured accurately:
ck
5. Price is not the only criterion for supplier selection and contract award
6. Intellectual Property Rights and monopoly
O2. Describe TWO e-sourcing tools and their use in procurement and supply. - ANS 1.
E-Catalogues
2. E-Tendering
3. E. Auction
4. Reverse Auctions
5. Online supplier evaluation data
lo
yc
O3. Explain the role of a shared services unit (SSU). - ANS SSUs reflect a desire to centralize
and share services
The shared service provider becomes a dedicated provider of services such as; finance, HR, IT
and procurement which continue to be provided internally
An SSU manages costs and quality SLAs to demonstrate value for money.
ud
An SSU's benefits may be summarized as:
• cost effective internal service;
• liaison with its customers;
• anticipating future demand;
• employing resources and providing higher levels of service more cost effectively than if they
st
were provided by a department or an external provider.
O3. A manufacturer of electrically powered tools for the engineering industry consists of four
separate business units, each of which undertakes its own purchasing activities.
Discuss THREE benefits of centralizing all purchasing activities with those of retaining the
present decentralized structure. (1 of 2) - ANS Centralisation' and 'decentralization' refer to the
degree to which responsibility and authority is delegated. Arguments for centralisation can only
be evaluated in the context of specific organizational environment and might include:
1. Policies & procedures
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 Studyclock. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £11.02. You're not tied to anything after your purchase.
