L4m1 cips - Study guides, Class notes & Summaries

Answered) CIPS L4M1 Scope and Influence of Procurement and Supply 2023

L4M1 - CIPS: Scope and Influence of Procurement and Supply Exam Questions & Answers 2024/25 Artificial Intelligence (AI) - ANSWERSMachines that display human-like intelligence Assets - ANSWERSThe value of everything an organisation owns Audit - ANSWERSA systematic inspection of a process or procedure to assess compliance with requirements or regulations Batch Quantity - ANSWERSAmount of products produced at a time Benchmark - ANSWERSCompare an element of one business, such as pr...

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 ...

CIPS L4M1 Scope and Influence of Procurement and Supply Questions and Answers Graded A+ 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 supplie...

CIPS L4M1 EXAM SOLVED 100% CORRECT!!

CIPS L4M1 - Question & Answer

CIPS L4M1 - Key Phrases questions well answered graded A+ 2024/2025artificial intelligence - correct answer Machines that display human-like intelligence Assets - correct answer resources owned by a business audit - correct answer A systematic inspection of a process or procedure to assess compliance with requirements or regulations Batch Quantity - correct answer Amount of products produced at a time benchmark - correct answer Compare an element of one business, such as price, ...

CIPS L4M1 QUESTIONS AND ANSWERS GRADED A+ 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 ne...