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CIPS L4M8 Procurement and Supply in Practice Questions and Answers 100% Pass Whole Life Asset Management - Correct Answer ️️ -Based around obtaining the best value theiugbout the lifetime of the asset (fixed assets only) Value - Correct Answer ️️ -Value is perceived differently by differ...

L4M8 CIPS level 4 Glossary 2 Questions and Answers 100% Pass Name the 13 stages of the procurement cycle - Correct Answer ️️ -1. Understand the need. 2. Market Commodity options. 3. Develop Stratgey/ Plan. 4. Pre-procurement / market test. 5. Develop required documentation. 6. Supplier S...

CIPS L4M8 LO3 Exam Questions and Answers 100% Pass what is a fixed asset? - Correct Answer ️️ -assets that are purchased for long-term use and not intended to be converted directly into cash what is included in whole life asset management? - Correct Answer ️️ -- lessons learned feeds in...

L4M8 Procurement & Supply in Practice Questions and Answers 100% Pass How many stages are there within the CIPS Procurement Cycle? - Correct Answer ️️ - The CIPS procurement cycle has 13 stages: 1. Understand need and develop a high-level specification. 2. Market/commodity options including...

L4M4 - Chapter 2 Questions and Answers 100% Pass How does the Pareto Principle differ to the ABC Analysis? - Correct Answer ️️ -Instead of the Pareto 80/20 split, the figure splits the suppliers into three categories. 'A', 'B', 'C'. They are categorised according to their levels of impo...

CIPS L4M7 Whole Life Asset Management Exam Questions and Answers 100% Pass Causes of Obsolescence - Correct Answer ️️ -Technical Change Cultural Change Legislation 2D Barcode - Correct Answer ️️ - Types of Stock - Correct Answer ️️ -Opening Stock Raw Materials Secondary Component...

CIPS L4M8 Chapter 1 Questions and Answers 100% Pass The 13 Stages of the Procurement Cycle - Correct Answer ️️ -Stage 1 - Identify need and develop spec. Stage 2 - Market commodity/make or buy options. Stage 3 - Develop Strategy/Plan Stage 4 - Pre procurement market tests Stage 5 - Prepar...

CIPS L4M8 LO2 Exam Questions and Answers 100% pass what are the stages of ordering? - Correct Answer ️️ -1) user need 2) raise requisition 3) approved process 4) issue PO 5) receive goods/service 6) approve invoice what are the stages of sourcing? - Correct Answer ️️ -1) understand t...