Procurement professional - Study guides, Class notes & Summaries

CIPS L4M8 QUESTIONS AND ANSWERS RATED A+ Stage 13: Assest management/end of life The procurement professional should evaluate whether the need is still current. If it is and unchanged, the procurement cycle process commences again but from a different stage as the need is already known and understood. If the need is not required the buyer should manage the end of life by reducing stock levels and informing the supplier Anti-bribery procedures -Proportionate procedures: should be in l...

CIPS L4M8 Chapter 1 Exam Questions With Verified Answers The 13 Stages of the Procurement Cycle - answerStage 1 - Identify need and develop spec. Stage 2 - Market commodity/make or buy options. Stage 3 - Develop Strategy/Plan Stage 4 - Pre procurement market tests Stage 5 - Prepare Documentation Stage 6 - Supplier Selection Stage 7 - Send ITT Stage 8 - Receive & Evaluate Bids Stage 9 - Award contract Stage 10 - Warehouse/logistics prep Stage 11 - Contract management Stage 12 - Relat...

CIPS L4M8 questions with complete solutions 2024/2025Stage 13: Assets management/end of life - correct answer The procurement professional should evaluate whether the need is still current. If it is and unchanged, the procurement cycle process commences again but from a different stage as the need is already known and understood. If the need is not required the buyer should manage the end of life by reducing stock levels and informing the supplier Anti-bribery procedures - correct answer -P...

DAU ACQ 0030 OVERVIEW OF ACQUISITION ETHICS ACTUAL EXAM ONLINE TRAINING WRITTEN QUESTIONS AND ANSWERS Which of the following is not true of core ethical principles for government and contractor acquisition professionals? Which of the following statements is correct? A Congresswoman from the 3rd District testified on Capitol Hill about the poor results of tests performed by the contractor on the new procurement project. Afterwards, in a meeting with the contractor's Project Manager,...

CIPS L4M1 LO3 Exam Questions and Answers 100% CorrectCIPS L4M1 LO3 Exam Questions and Answers 100% CorrectCIPS L4M1 LO3 Exam Questions and Answers 100% CorrectCIPS L4M1 LO3 Exam Questions and Answers 100% CorrectCIPS L4M1 LO3 Exam Questions and Answers 100% Correct Corporate Governance - ANSWER-Mechanisms, procedures and processes that are used to control and direct an organisation. Continuing professional development (CPD) - ANSWER-Undertaking training or attending courses to develop knowle...

CIPS L4M8 Chapter 1 Questions and Answers 100% Pass The 13 Stages of the Procurement Cycle - Correct Answer ️️ -Stage 1 - Identify need and develop spec. Stage 2 - Market commodity/make or buy options. Stage 3 - Develop Strategy/Plan Stage 4 - Pre procurement market tests Stage 5 - Prepare Documentation Stage 6 - Supplier Selection Stage 7 - Send ITT Stage 8 - Receive & Evaluate Bids Stage 9 - Award contract Stage 10 - Warehouse/logistics prep Stage 11 - Contract management Sta...

What is corporate governance? - ANSWER Corporate governance is the system of standards, procedures and policies by which an organisation is controlled - a framework that is created around the organisation's values and objectives, making an organisation effective, efficient and successful What is a conflict of interest? - ANSWER A conflict of interest occurs when a procurement professional has to make a decision that may affect them personally

CIPS L6M8 - Innovation in Procurement and Supply Supply chain integration Supply chain integration requires the procurement professional to develop strategic collaboration with key supply chain partners and understand customer requirements. Behaviours to enhance innovation Pellathy identified 3 key behaviours that affect how individuals engage with each other: 1, Task behaviours - how an individual executes tasks of their role 2, Organisational citizenship - the quality of a person's in...

In preparation for new antimicrobial stewardship regulatory requirements, a hospital is creating an antimicrobial stewardship committee. What should be the first step in supporting this new patient safety initiative? A. Reach out to subject matter experts to gain insight on different compliance issues. B. Work with information technology (IT) to build antibiotic indication and time-out screens. C. Partner with key stakeholders to perform a gap analysis of current state to ideal state. D. Rev...

CIPS L4M8 Chapter 1 Questions and Answers 100% Pass The 13 Stages of the Procurement Cycle - Correct Answer ️️ -Stage 1 - Identify need and develop spec. Stage 2 - Market commodity/make or buy options. Stage 3 - Develop Strategy/Plan Stage 4 - Pre procurement market tests Stage 5 - Prepare Documentation Stage 6 - Supplier Selection Stage 7 - Send ITT Stage 8 - Receive & Evaluate Bids Stage 9 - Award contract Stage 10 - Warehouse/logistics prep Stage 11 - Contract management Sta...