Cips l4m8 lo2 Study guides, Class notes & Summaries

CIPS L4M8 LO2 Exam Questions With Verified Answers what are the stages of ordering? - answer1) user need 2) raise requisition 3) approved process 4) issue PO 5) receive goods/service 6) approve invoice what are the stages of sourcing? - answer1) understand the need 2) develop strategy 3) raise requisition 4) source suppliers 5) issue ITT/RFQ 6) negotiate and award contract 7) SRM/contract management in what locations can sourcing take place? - answer- localised - regional - nati...

CIPS L4M8 LO2 Exam Questions with Correct Answers 100% Pass how are reviews useful? - Answer - provide updates on market news - inform of any potential issues/risks in the supply chain - provide information on the supplier's organisation - inform of any innovation or technological advances - reduce the risk of contract and performance disputes how can a suppliers financial performance be evaluated? - Answer - credit ratings - reviewing the balance sheet - reviewing liquidity - reviewi...