CIPS L4M8 Chapter 1- Questions and Answers 100% Solved
12 vues 0 fois vendu
Cours
CIPS
Établissement
CIPS
CIPS L4M8 Chapter 1- Questions and Answers 100%
Solved
To fully understand the market pricing, procurement professionals should research the level
of competition. The .... .... ... model is an established way of assessing the competition
Correct Ans-Porter's Five Forces
CIPS L4M8 Chapter 1- Questions and Answers 100%
Solved
To fully understand the market pricing, procurement professionals should research the level
of competition. The .... .... ... model is an established way of assessing the competition
Correct Ans-Porter's Five Forces
Porter's Five Forces Model Correct Ans-- Threat of new entrants
- Threat of substitutes
- Bargaining power of buyers
- Bargaining power of suppliers
- Rivalry among existing Competitors
Core Competencies Correct Ans-The processes that are critical to an organisation achieving
success and competitive advantage
Make or buy decisions are about Correct Ans-whether a product or service should be
made within the organisation or bought-in from an external supplier
A procurement professional can use Carter's Outsource Matrix when Correct Ans-deciding
whether to make or buy
The four quadrants of Carter's Outsource Matrix Correct Ans-- Strategic Alliance
(High strategic importance/Low Contribution to operational performance)
Benefits of Outsourcing Correct Ans-- Saving money
- Reducing overheads
- Reducing headcount
- Using external knowledge
Focusing internally on core competencies
- Helping with shortfalls in labour/expertise
Disadvantages of Outsourcing Correct Ans-- Losing some control within an organisation
- Relying on external organisations
- Reducing quality
- Losing some internal knowledge
Procurment Cycle - Stage 3 - Develop strategy/plan Correct Ans-Once the decision to make
or buy has been made and the market has been evaluated, the next stage is to develop the
strategy or plan of how to achieve the procurement. Buyers should think about the external
, CIPS L4M8 Chapter 1- Questions and Answers 100%
Solved
environment when developing this plan and take several factors into account that could affect
their decisions (STEEPLE)
The 13 Stages of the Procurement Cycle Correct Ans-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
Stage 12 - Relationship management
Stage 13 - End of life/asset management
Procurement Cycle - Stage 1 - Understand need and develop a high-level specification
Correct Ans-The person generating the need should communicate with the buyer to
ensure there is no misinterpretation. Once the need is clearly understood, the procurement
professional should develop a specification
, CIPS L4M8 Chapter 1- Questions and Answers 100%
Solved
Two types of specification Correct Ans-Performance and conformance
Performance specifications Correct Ans-Specifies what the product or service will do or
achieve. This covers the outputs required, tolerances and any functions the product/service
may have to perform
Conformance specifications (technical) Correct Ans-Specifies which standards a
requirement must meet or exceed
Characteristics of Performance specifications Correct Ans-- Allow supplier innovation
- Promote competition in the marketplace
- The supplier bears the risk
- Buyer may not know exactly what they will be getting
- Shorter document
- Quicker to prepare
- Takes advantage of supplier expertise
Characteristics of Conformance specifications (technical) Correct Ans-- No supplier
innovation
- Reduce competition
- The buyer bears the risk
Les avantages d'acheter des résumés chez Stuvia:
Qualité garantie par les avis des clients
Les clients de Stuvia ont évalués plus de 700 000 résumés. C'est comme ça que vous savez que vous achetez les meilleurs documents.
L’achat facile et rapide
Vous pouvez payer rapidement avec iDeal, carte de crédit ou Stuvia-crédit pour les résumés. Il n'y a pas d'adhésion nécessaire.
Focus sur l’essentiel
Vos camarades écrivent eux-mêmes les notes d’étude, c’est pourquoi les documents sont toujours fiables et à jour. Cela garantit que vous arrivez rapidement au coeur du matériel.
Foire aux questions
Qu'est-ce que j'obtiens en achetant ce document ?
Vous obtenez un PDF, disponible immédiatement après votre achat. Le document acheté est accessible à tout moment, n'importe où et indéfiniment via votre profil.
Garantie de remboursement : comment ça marche ?
Notre garantie de satisfaction garantit que vous trouverez toujours un document d'étude qui vous convient. Vous remplissez un formulaire et notre équipe du service client s'occupe du reste.
Auprès de qui est-ce que j'achète ce résumé ?
Stuvia est une place de marché. Alors, vous n'achetez donc pas ce document chez nous, mais auprès du vendeur GOLDTUTORS. Stuvia facilite les paiements au vendeur.
Est-ce que j'aurai un abonnement?
Non, vous n'achetez ce résumé que pour €16,47. Vous n'êtes lié à rien après votre achat.
