Indirect procurement - Study guides, Class notes & Summaries
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CIPS L4M1 Scope and Influence of Procurement and Supply verified/passed 2024
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CIPS L4M1 Scope and Influence of Procurement and SupplyWhat is Procurement? - correct answer Procurement is a STRATEGIC function of a business obtains something Tangible as goods or Intangible as services. Include Purchasing Inventory, Logistics, Supply, Waste Management Quality, Cost, Added Value 
 
What is Purchasing? - correct answer Is the ACT of physically ordering and buying something. 
 
What is Supply? - correct answer Is the INFRASTRUCTURE which ensures that products and services get...
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CIPS L4M1 Exam Questions and Answers 100% Correct
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CIPS L4M1 Exam Questions and Answers 100% CorrectCIPS L4M1 Exam Questions and Answers 100% CorrectCIPS L4M1 Exam Questions and Answers 100% CorrectCIPS L4M1 Exam Questions and Answers 100% CorrectCIPS L4M1 Exam Questions and Answers 100% Correct 
Innovation, sustainability, meeting KPI's and market development are all examples of added ___? - ANSWER-Value 
 
____ costs are not directly attributable to the end product or service - ANSWER-Indirect 
 
Which of the following are recognised categori...
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CIPS Level 4 Module 1 fully solved rated A+ 2024/2025
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CIPS Level 4 Module 1The 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 be identified directly with the production of a good or service; e.g. raw materi...
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CIPS LEVEL 4 MODULE 1 EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+
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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...
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CAPM EXAM STUDY GUIDE QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A 2024
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5 process groups - Initiating 
Planning 
Executing 
Monitoring and Controlling 
Closing 
 
ten knowledge areas - Integration 
Scope 
Time 
Cost 
Quality 
HR 
Communications 
Risk 
Procurement 
Stakeholder management 
 
total float formula - total float = late finish - early finish 
 
normal distribution - bell curve - symmetrical distribution - 50% chance of falling below the mean and 50% chance of falling above the mean (1sigma=68.27%. 2sigma = 95.45%. 3sigma= 99.73%) 
 
triangular distribution...
And that's how you make extra money
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CIPS D1 Questions and correct answers 2024/2025
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CIPS D1 Questions and correct answers 2024/2025 
Q1 (a) Define the term 'stakeholder' in relation to an organization. (5 marks) 
(b) Describe the interests of TWO internal stakeholders of the procurement function. (10 marks) 
(c) Describe how the TWO internal stakeholders, identified in part (b), might contribute to procurement activities. (10 marks) 
Q2 (a) Outline THREE pre contract award stages of the sourcing process. (9 marks) 
(b) Explain FOUR advantages for an organisation of followi...
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BUAD 331 Exam 2 Questions and Answers Already Passed
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BUAD 331 Exam 2 Questions and 
Answers Already Passed 
 
Sourcing is the inputs (or things we buy), including materials, sub-assembled components, 
equipment, and services, that are required to create value. 
A. True 
B. False B. False 
 
Which of the following is NOT an area in which successful supply managers need expertise? 
A. Technologies 
B. Customers 
C. Suppliers 
D. Processes 
 
E. Resources B. Customers 
 
When purchasing and supply management works well within an organization, the com...
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Final Exam (SCM 301m )| Complete Solutions (Verified)
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SCM 301m Final Exam | Complete Solutions (Verified) In terms of supplier evaluation systems, quality, delivery, and cost management are ________. a. qualitative factors. b. quantitative indicators. c. macro variables. d. micro variables. Which of the followings does not describe RFQ? a. Based on buyer specification b. Strict buyer requirements c. Terms are negotiable d. Suppliers are qualified beforehand In order to save additional time, all types of request can be run in a/an __________ syste...
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Answered) CIPS L4M1 Scope and Influence of Procurement and Supply 2024
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Answered) CIPS L4M1 Scope and Influence of Procurement and Supply 2024 
 
What is Procurement? 
Procurement is a STRATEGIC function of a business obtains something Tangible as goods or Intangible as services. Include Purchasing Inventory, Logistics, Supply, Waste Management Quality, Cost, Added Value 
What is Purchasing? 
Is the ACT of physically ordering and buying something. 
What is Supply? 
Is the INFRASTRUCTURE which ensures that products and services get from supplier to the customer. 
Wha...
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CIPS L4M1 EXAM SOLVED 100% CORRECT!!
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CIPS L4M1 EXAM SOLVED 100% CORRECT!! 
 
Stakeholders 
In any activity an organization undertakes, whether strategic, operational or tactical, the activity can only be successful with the input, commitment and support of its key stakeholders. Gaining and maintaining the support and commitment of stakeholders requires a continuous process of engaging the right stakeholders at the right time and understanding and managing their expectations. 
Global Supply Chains 
a dynamic worldwide network when a...
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