Approved supplier list - Study guides, Class notes & Summaries

L4M2 - CIPS: Defining Business NeedAcceptance Testing - correct answer A form of testing used to determine if the requirements of a specification or contract are met Accrual - correct answer An adjustment made to a set of financial accounts to reflect activity that has occurred but for which cash has not yet been received or paid Annual Planning Cycle - correct answer Planning involves a number of activities, such as analysis of opportunities, setting aims, exploring options, producing ...

CIPS L4M2 LO1what is a business case? - correct answer a document that sets out the justification for undertaking a project on commercial grounds what is a straight re-buy? - correct answer the purchase of an item that was purchased last time there was a need rather than considering an alternative what is a modified re-buy? - correct answer the purchase of an item that was purchased last time there was a need, but with changes to the specification or supplier what is a new purchase? ...

L4M2 - CIPS: Defining Business Need with correct answers 2024Acceptance Testing - correct answer A form of testing used to determine if the requirements of a specification or contract are met Accrual - correct answer An adjustment made to a set of financial accounts to reflect activity that has occurred but for which cash has not yet been received or paid Annual Planning Cycle - correct answer Planning involves a number of activities, such as analysis of opportunities, setting aims, exp...

CIPS EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ Acceptance testing Correct Answer: A form of testing used to determine if the requirements of a specification or contract are met Accrual Correct Answer: An adjustment made to a set of financial accounts to reflect activity that has occurred but for which cash has not yet been received or paid Annual planning cycle Correct Answer: Planning involves a number of activities, such as analysis of opport...

CIPS L4M1 EXAM QUESTIONS AND ANSWERS 100% SOLVED 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...

CIPS L4M1 EXAM QUESTIONS AND ANSWERS 100% SOLVED 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...

CIPS Quiz Exam Questions And Answers Acceptance testing - ANS A form of testing used to determine if the requirements of a specification or contract are met Accrual - ANS An adjustment made to a set of financial accounts to reflect activity that has occurred but for which cash has not yet been received or paid Annual planning cycle - ANS Planning involves a number of activities, such as analysis of opportunities, setting aims, exploring options, producing detailed plans and r...

CIPS L4M2 Defining Business Need Exam Questions With 100% Correct Answers Types of Purchases new buy, straight rebuy, modified rebuy Straight rebuy purchase Routine purchases of the same products under approximately the same terms of sale Modified rebuy purchase When new-task purchases are changed on repeat orders or straight rebuy purchases are modified New purchase A purchase of an item for the first time Examples of straight rebuy purchases Utilities (gas, water, electricity) MRO ...

CIPS L4M2 Defining Business Need Exam Questions With 100% Correct Answers Types of Purchases new buy, straight rebuy, modified rebuy Straight rebuy purchase Routine purchases of the same products under approximately the same terms of sale Modified rebuy purchase When new-task purchases are changed on repeat orders or straight rebuy purchases are modified New purchase A purchase of an item for the first time Examples of straight rebuy purchases Utilities (gas, water, electricity) MRO ...

CIPS L4M1 EXAM QUESTIONS AND ANSWERS 100% SOLVED 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...