100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
CIPS L4M1 Scope and Influence of Procurement and Supply P1/4 QUESTIONS & CORRECT SOLUTIONS(GRADED A)EXAM BUNDLE R735,01   Add to cart

Package deal

CIPS L4M1 Scope and Influence of Procurement and Supply P1/4 QUESTIONS & CORRECT SOLUTIONS(GRADED A)EXAM BUNDLE

CIPS L4M1 Scope and Influence of Procurement and Supply P1/4 QUESTIONS & CORRECT SOLUTIONS(GRADED A)EXAM BUNDLECIPS L4M1 Scope and Influence of Procurement and Supply P1/4 QUESTIONS & CORRECT SOLUTIONS(GRADED A)EXAM BUNDLECIPS L4M1 Scope and Influence of Procurement and Supply P1/4 QUESTIONS & CORR...

[Show more]
16 items

CIPS L4M1 - Question & Answer Past exaO2. Explain THREE circumstances in which a competitive tendering exercise might not be the best approach to making a purchase. - ANSWER 1. Urgency 2. Commercial confidentiality or national m questions & ANSWERS(RATED

(0)
R244,88

O1. Outline FIVE differences between purchasing goods and purchasing services. - 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...

View example

CIPS L4M1 QUESTIONS & SOLUTIONS (RATED A)

(0)
R263,73

Stakeholders - 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 p...

View example

CIPS L4M1 Scope and Influence of Procurement and Supply QUESTIONS & ANSWERS(RATED A)

(0)
R244,88

What is Procurement? - 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? - ANSWER Is the ACT of physically orderin...

View example

CIPS L4M1 Scope and Influence of Procurement and Supply P1/4 QUESTIONS & CORRECT SOLUTIONS(GRADED A)

(0)
R263,73

Procurement - ANSWER Procurement is a strategic function of the business, includes the elements such as : Added Value, Cost, Inventory, Logistics, Purchasing, Quality, Supply. Purchasing - ANSWER Purchasing is the act of physically ordering and buying something. It can be can be tangible or intan...

View example

CIPS L4M1 QUESTIONS & ANSWERS(GRADED A)

(0)
R188,33

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 categories of expenditure within procurement: Direct,...

View example

L4M1 - CIPS: Scope and Influence of Procurement and Supply CORRECT 100%

(0)
R244,88

Artificial Intelligence (AI) - ANSWER Machines that display human-like intelligence Assets - ANSWER The value of everything an organisation owns Audit - ANSWER A systematic inspection of a process or procedure to assess compliance with requirements or regulations Batch Quantity - ANSWER Amo...

View example

L4M1 CIPS QUESTIONS & ANSWERS(LATEST UPDATE 2024)CORRECT 100%

(0)
R226,03

Procurement - ANSWER the process of obtaining something, either tangible or intangible. the process starts by indentifying a need and is complete once the goods or services that meet that need are delivered Purchasing - ANSWER the act of physically ordering and buying something Supply - ANSWE...

View example

CIPS Level 4 Module 1 CORRECT 100%

(0)
R263,73

The Purchasing process - ANSWER 1. Define Specification. 2. Select Supplier 3. Contract Agreement 4. Ordering 5. Expediting 6. Evaluation Follow up Definition of Procurement & Supply - ANSWER recognition of the fact that the purchasing function has a role in not just "buying inputs" bu...

View example

CIPS L4M7 LO2 QUESTIONS & ANSWERS(LATEST UPDATE 2024)CORRECT 100%

(0)
R197,75

what is opening stock? - ANSWER the inventory held at the start of an accounting period what is stocktake? - ANSWER an audit check of the stock physically held; this may be by amount or value, or both what are finished goods? - ANSWER products ready for sale and/or use what is work in progr...

View example

CIPS Flashcards L4M1 QUESTIONS & ANSWERS(RATED A)

(0)
R282,58

Define procurement - ANSWER Procurement is the process of obtaining goods or services through following a process that includes identifying the need through to goods or services being delivered. Define purchasing - ANSWER Purchasing is the act of physically ordering and buying something. Defin...

View example

CIPS L4M1 LO3 QUESTIONS & ANSWERS(LATEST UPDATE 2024)

(0)
R188,33

Corporate Governance - ANSWER Mechanisms, procedures and processes that are used to control and direct an organisation. Ethics - ANSWER Principles that govern a person's or an organisations behaviour Values - ANSWER Importance or worth that an attribute has for an individual or stakeholder ...

View example

L4M1 LO1|| 45 QUESTIONS|| CORRECT ANSWERS|| VERIFIED

(0)
R207,18

definition of procurement - ANSWER procurement is a strategic function of the business that includes, added value, cost, inventory, Logistics, purchasing,ordering, quality and supply /delivery Kraljic Matrix - ANSWER A tool for portfolio analysis: a four-box matrix that reflects the segmentation ...

View example

L4M1 - Chapter 3 QUESTIONS & ANSWERS(RATED A)

(0)
R188,33

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 W...

View example

CIPs L4M1 LO1(2024 latest update)CORRECT 100%

(0)
R244,88

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 u...

View example

L4M1 Chapter 2: Key steps when procuring goods or services|| 50 QUESTIONS & CORRECT SOLUTIONS

(0)
R207,18

What added value do structured procurement processes provide? - ANSWER Consistent best practice, less scope for laws and regs deviance, reduced opp for duplicated effort, faster procurement Advantages of formal, systematic approach to structuring processes and procedures (8) - ANSWER Coordination...

View example

L4M1 Chapter 3: Key aspects of organisational infrastructure that shape the scope of a procurement or supply chain function 100% ACCURATE

(0)
R188,33

3.1 What is corporate governance? (3) - ANSWER Mechanisms, procedures and processes to control/direct stakeholders and org; make org effective, efficient and successful; make orgs procedures and policies ethical 3.1 What are the 10 aspects that make up corporate governance? - ANSWER Vision; polic...

View example
Show all
avatar-seller

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller shantelleG. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R735,01. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77858 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Start selling
R3.644,72 R735,01
  • (0)
  Buy now