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CIPS Level 3 Module 1 assessment with correct !! answers 2024/25 update $9.49   Add to cart

Exam (elaborations)

CIPS Level 3 Module 1 assessment with correct !! answers 2024/25 update

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  • Course
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garner knowledge and understanding of these key areas related to procurement and supply environments at an advanced level. 100% success guranteed!!

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  • October 9, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • procurement cycle stages
  • CIPS
  • CIPS
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EXPERTIPS
CIPS Level 3 Module 1 assessment with correct !! answers
2024/25 update
What does STEEPLED stand for? (External factors - macro environment) - correct
answer ✔ Sociological, technological, economic, environmental, political, legal,
ethical, demographic
How many employees does a micro business have? - correct answer ✔ Less than
10
How many employees does a small business have? - correct answer ✔ Less than
50
How many employees does a medium business have? - correct answer ✔ 250 or
fewer
What are the support activities of porters value chain model? - correct answer ✔
Firm infrastructure, human resource management, technology development and
procurement
What are the primary activities of porters value chain model? - correct answer ✔
Logistics, operations, marketing and sales and after sales service
What is a BRD? - correct answer ✔ Business requirements definition - it answers
the "what to buy" question and is based on the needs analysis from operations
What does RAQSCI stand for? (a model for identifying business requirements) -
correct answer ✔ Regulatory, assurance of supply, quality, service, cost and
innovation
What are the two types of field research? - correct answer ✔ Quantitative
research (statistical information) and qualitative research (peoples opinions)
What are the 4 categories of the Kraljic matrix? - correct answer ✔ Critical,
strategic, tactical and leverage
What is a situation target proposal (STP)? - correct answer ✔ It is a statement
that describes the current situation, paints the vision of the target and lists the
elements to be used to get to the target
What are SMART objectives? - correct answer ✔ Specific, Measurable,
Achievable, Realistic, Timely
What is force majeure? - correct answer ✔ Force majeure is a powerful and
unexpected event, such as hurricane or other disaster, which prevent a contract
from being fulfilled
What is commissioning? - correct answer ✔ It is the process of deciding what to
spend money on in the public sector
What is the restricted procedure? - correct answer ✔ This is used when the it js
anticipated that interest (in bidding) from the supply market will be high. This

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