L4m1 - Study guides, Class notes & Summaries
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CIPS L4M1 question n answers graded A+ 2024/2025
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CIPS L4M1Stakeholders - correct answer 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 - correct answer a dynamic worldwide network w...
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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 L4M1 - Question & Answer 2024 with complete solutions
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CIPS L4M1 - Question & Answer 2024 with complete solutions 
 
 
O1. Outline FIVE differences between purchasing goods and purchasing services. - ANSWERS1. Goods are tangible, services are intangible: 
2. Services cannot be separated from their supplier: 
3. Heterogeneity: goods are usually uniform in nature while services are unique at each delivery 
4. Services 'perish' immediately on delivery whereas goods can be stored until required 
5. Products are easier to specify, being tangible 
 ...
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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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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 - Question & Answer Past exam questions.
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CIPS L4M1 - Question & Answer Past exam questions.
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L4M1 - CIPS: EXAM REVIEW 100% PASS QUESTIONS WITH DETAILED ANSWERS | A+ GRADE ASSURED // LATEST
- Exam (elaborations) • 30 pages • 2024
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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 company purchases or uses goods or ...
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CIPS L4M1 EXAM QUESTIONS AND ANSWERS 100% SOLVED
- Exam (elaborations) • 25 pages • 2024
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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...
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CIPs L4M1 LO1(2024 latest update)CORRECT 100%
- Exam (elaborations) • 14 pages • 2024
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Procurement - ANSWER Involves obtaining something either tangible (goods) or intangible (services). The process begins by identifying a need and is complete once that need is delivered. It is a strategic function. 
 
tangible - ANSWER capable of being touched; real, concrete 
 
intangible - ANSWER unable to be touched or grasped; not having physical presence 
 
Procurement elements - ANSWER 1. Added Value 
2. Cost
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CIPS L4M1 - Question & Answer Past exam questions well answered 2024/2025
- Exam (elaborations) • 16 pages • 2024
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CIPS L4M1 - Question & Answer Past exam questionsO1. Outline FIVE differences between purchasing goods and purchasing services. - correct answer 1. Goods are tangible, services are intangible: 
2. Services cannot be separated from their supplier: 
3. Heterogeneity: goods are usually uniform in nature while services are unique at each delivery 
4. Services 'perish' immediately on delivery whereas goods can be stored until required 
5. Products are easier to specify, being tangible 
 
O2. Expla...
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