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

CIPS Module 1 - Key Steps When Procuring Goods and Services - 2.1 Exam Questions & Answers 2024/25 Describe stage 1 of the procurement cycle? - ANSWERSDeveloping a high level specification Understanding the needs of the business as well as the customer is important Customers can be internal or external to the organisation The customer need will be communicated either by 'verbal, paper requisition, electronic communication' 1. what is required 2. quantity of requirement 3. ...

Defense Acquisition University: ACQ- ACQ 1010 All modules Exams 1-10 Answered and graded 100% score; Latest Fall 2022. Test – ACQ 1010 Module 1 Exam: Systems Acquisition Management Overview 1. Select the Department of Defense’s (DoD’s) decision-support system described as: “this is the process by which the Department of Defense (DoD) identifies, assesses and prioritizes the capabilities the military requires to fulfill its mission and is often referred to as the requirements generat...

CIPS Level 3 Module 1 Questions and Answers Already Passed What does STEEPLED stand for? (External factors - macro environment) Sociological, technological, economic, environmental, political, legal, ethical, demographic How many employees does a micro business have? Less than 10 How many employees does a small business have? Less than 50 How many employees does a medium business have? 250 or fewer What are the support activities of porters value chain model? Firm infrastructu...

The Purchasing process1. Define Specification. 2. Select Supplier 3. Contract Agreement 4. Ordering 5. Expediting 6. Evaluation Follow up Definition of Procurement & Supplyrecognition of the fact that the purchasing function has a role in not just "buying inputs" but in "securing supply" Direct CostsThese 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 CostsThese are costs wh...

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 are cost...

CIPS Level 3 Module 1 Exam Questions & Answers 2024/25 What does STEEPLED stand for? (External factors - macro environment) - ANSWERSSociological, technological, economic, environmental, political, legal, ethical, demographic How many employees does a micro business have? - ANSWERSLess than 10 How many employees does a small business have? - ANSWERSLess than 50 How many employees does a medium business have? - ANSWERS250 or fewer What are the support activities of porters value ...

CIPS Level 3 Module 1 Questions With Correct Answers. What does STEEPLED stand for? (External factors - macro environment) Sociological, technological, economic, environmental, political, legal, ethical, demographic How many employees does a micro business have? Less than 10 How many employees does a small business have? Less than 50 How many employees does a medium business have? 250 or fewer What are the support activities of porters value chain model? Firm infrastructure, human re...

CIPS Level 3 Module 1 Exam Questions With 100% Correct Answers What does STEEPLED stand for? (External factors - macro environment) - answerSociological, technological, economic, environmental, political, legal, ethical, demographic How many employees does a micro business have? - answerLess than 10 How many employees does a small business have? - answerLess than 50 How many employees does a medium business have? - answer250 or fewer What are the support activities of porters value chain...

CIPS Level 3 Module 1 Exam Questions With 100% Correct Answers What does STEEPLED stand for? (External factors - macro environment) - answerSociological, technological, economic, environmental, political, legal, ethical, demographic How many employees does a micro business have? - answerLess than 10 How many employees does a small business have? - answerLess than 50 How many employees does a medium business have? - answer250 or fewer What are the support activities of porters value chain...

CIPS LEVEL 3 MODULE 1 EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ 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 ...