Cips level 4 module 1 - Study guides, Class notes & Summaries

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 supply" Direct Costs These are costs which can be identified directly with the production of a good or service; e.g. raw materials. Usually strategic or leverae suppliers Indirect Costs Thes...

CIPS LEVEL 4 MODULE 1 EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ The Purchasing process Correct Answer: 1. Define Specification. 2. Select Supplier 3. Contract Agreement 4. Ordering 5. Expediting 6. Evaluation Follow up Definition of Procurement & Supply Correct Answer: recognition of the fact that the purchasing function has a role in not just "buying inputs" but in "securing supply" Direct Costs Correct Answer: These are costs which can b...

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 supply" Direct Costs - These are costs which can be identified directly with the production of a good or service; e.g. raw materials. Usually strategic or leverae suppliers Indirect Costs - These ar...

CIPS Level 4 Module 1

CIPS Level 4 Module 1 Exam Questions & Answers

CIPS Level 4 Module 1.

CIPS Level 4 Module 1

CIPS Level 4 Module 1 Solved 100% Correct!!

CIPS Level 4 Module 1

CIPS Level 4 Module 1 |215 Questions and Answers(A+ Solution guide) The Purchasing process Definition of Procurement & Supply Direct Costs Indirect Costs Kraljic Matrix CAPEX is OPEX CAPEX Name the 13 stages of the procurement cycle Scope of Procurement Porters Value Chain Action points for CAPEX purchasing 5 rights of procurement Right Quality Right Quantity Right Place Right Time Right Price Life Cycle cost (LLC) Total Cost of Ownership (TCO) TCO Acquisition costs TCO Ope...