Cips - Study guides, Revision notes & Summaries
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CIPS L4M1 - Question & Answer Past exam questions latest 2023/2023
- Exam (elaborations) • 13 pages • 2023
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CIPS L4M1 - Question & Answer Past exam questions latest 2023/2023
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CIPS L4M4 - RESPONSIBLE AND ETHICAL SOURCING EXAM QUESTIONS & ANSWERS 2024/25
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CIPS L4M4 - RESPONSIBLE AND ETHICAL SOURCING EXAM QUESTIONS & ANSWERS 2024/25 
 
 
What does sourcing mean? - ANSWERSWhen procurement professionals try to find suitable suppliers, products or services for the right money, quantity etc 
 
What are the two types of sourcing? - ANSWERSTactical and Strategic 
 
What is Tactical Sourcing? - ANSWERSThis involves low level decision making 
High profit, low risk items 
Short term projects 
Transactional relationships 
 
What is strategic sourcing? - ...
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CIPS L4M2 Defining Business Need 2024/2025 already passed
- Exam (elaborations) • 44 pages • 2024
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CIPS L4M2 Defining Business Need 
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 
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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 fo...
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CIPS L4M8 Exam Verified 100% Correct!!
- Exam (elaborations) • 27 pages • 2023
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CIPS L4M8 Exam Verified 100% Correct!!
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CIPS L4M2 Defining Business Need: Questions and answers/| LATEST UPDATE | EXAM PREDICTION QUESTIONS |
- Exam (elaborations) • 26 pages • 2024
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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 o...
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CIPS COMILED EXAM PACKAGE DEAL GRADED A+
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CIPS COMILED EXAM PACKAGE DEAL GRADED A+
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CIPS L5M1 questions with complete solutions 2024/2025
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CIPS L5M1 questions with complete solutions 2024/2025Basic characteristics of an organizations - correct answer Structure 
Objectives 
People 
 
Fayols 5 functions of management - correct answer Planning 
Organising 
Commanding 
Co ordinating 
Controlling 
 
STEEPLE - correct answer Socio- cultural ,Technological, Economic, Ecological, Political, Legal and Ethical 
 
CSR (Corporate Social Responsibility) - correct answer Commitment to systematic consideration of the environmental, social a...
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CIPS Level 3 Module 1 Questions With Correct Answers.
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CIPS Level 3 Module 1 Questions With Correct Answers.
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CIPS Supplier Relationships L4M6 Questions and Answers (Graded A)
- Exam (elaborations) • 21 pages • 2024
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CIPS Supplier Relationships L4M6 Questions and Answers (Graded A)CIPS Supplier Relationships L4M6 Questions and Answers (Graded A)CIPS Supplier Relationships L4M6 Questions and Answers (Graded A)CIPS Supplier Relationships L4M6 Questions and Answers (Graded A)What is a connected stakeholder? - ANSWER-A stakeholder that has a strong interest in a company's activities. This is due to its contractual or commercial relationship with the company. 
 
What do internal stakeholders include? - ANSWER-In...
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L4M8 CIPS Level 4 Glossary 2
- Exam (elaborations) • 34 pages • 2024
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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 required documentation. 
6. Supplier Selection. 
7. Issue invitation to tender. 
8. Bid / tender evaluation. 
9. Contract Award. 
10. Warehouse logistics & receipt.
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