CIPS COMILED EXAM PACKAGE DEAL GRADED A+

Acceptance testing - A form of testing used to determine if the requirements of a specification or contract are met Accrual - An adjustment made to a set of financial accounts to reflect activity that has occurred but for which cash has not yet been received or paid Annual planning cycle - Plann...

The Purchasing process - 1. Define Specification. 2. Select Supplier 3. Contract Agreement 4. Ordering 5. Expediting 6. Evaluation Follow up Definition of Procurement & Supply - recognition of the fact that the purchasing function has a role in not just "buying inputs" but in "securing sup...

Ad-Hoc Purchase - An item bought for a single and non-recurring use or purpose Alternative Dispute Resolution (ADR) - Any method of resolving a dispute between two parties which does not involve court action, including escalation to higher levels of authority, mediation, adjudication and arbitrat...

What does STEEPLED stand for? (External factors - macro environment) - Sociological, technological, economic, environmental, political, legal, ethical, demographic How many employees does a micro business have? - Less than 10 How many employees does a small business have? - Less than 50 How many...

Operations Management - The processes of managing the resources and processes involved in the acquisition and transformation of inputs and the distribution of outputs. Five Key Performance Dimensions / Performance Objectives - Slack and Brandon-Jones - 1. Quality 2. Speed 3. Dependability 4. F...

Supply chain integration - Supply chain integration requires the procurement professional to develop strategic collaboration with key supply chain partners and understand customer requirements. Behaviours to enhance innovation - Pellathy identified 3 key behaviours that affect how individuals eng...

What are the two types of sourcing? - Tactical/Operational & Strategic What is tactical sourcing? - Low level sourcing for low risk or routine items What is strategic sourcing? - High level sourcing for core products or services Benefits of make decision? - Strategy of organisation is to be self ...

Advisory, Conciliation and Arbitration Service (ACAS) - A non-governmental agency of the UK government that promotes strong industrial relations practice and provides an impartial free conciliation service to resolve conflicts between employers and employees. ACAS aims to help both sides of the c...