CIPS L4M8 Chapter 1 Questions with Correct Solutions 100% Pass

CIPS L4M8 Chapter 1 Questions with Correct Solutions 100% Pass A procurement professional can use Carter's Outsource Matrix when - Answer deciding whether to make or buy A pull strategy is based on - Answer reacting to customer needs (JIT) A push strategy is based on - Answer forecasting requirements A requisition should contain the following elements - Answer - Date of requisition - Description of what is required, including any quality requirements and specifications - Supplier if known - Quantity required - When the need is required - Where the need is required - Why the need is required - Who identified te need - Who approved the need Advantages of Automated requisitions - Answer - Fast and efficient - Full details included - Pre-authorised - Cost effective - Low risk of human error Advantages of Email requisitions - Answer - Information sent quickly - Can track if email has been read - Contains full details - Easy to establish generator - Permanent record Advantages of ESI - Answer - Reduces cost for buying organisation - Improves specifications