CIPS L4M8 theories Questions and Answers with complete solution

Carters 10 C's - Answer-Competence Capacity Commitment Control Cash Cost Consistency Clean Culture Communication CIPS relationship spectrum - supplier selection - Answer-Adversarial Arms length Transactional Bespoke Outsourced Strategic Collaborative Partnership Co-destiny / joint venture Carter's Outsource Matrix - Answer-Strategic Alliance - core Retain - core Eliminate OutsourceTIMWOOD - Answer-Transportation Inventory Motion Waiting Over-processing Over-production Defects Kraljic Matrix - SRM - Answer-Routine- low cost impact & low risk Leverage- high cost impact & low risk Bottleneck- low profit impact & high risk Strategic- high profit impact & high risk CIPS code of Conduct - 5 areas - Answer-1. Bribery & corruption - no gifts 2. Conflict of interest - ethics, due diligence, human rights 3. Continual development 4. Ethical and professional - don't breach confidentiality 5. Full compliance with laws & regs RAQSCI - structures business requirements - Answer-Regulatory Assurance of Supply Quality Service Cost Innovation RACI - define team roles - Answer-Responsible Accountable ConsultedInformed Porter's 5 Forces - Answer-*Rivalry among competitors *Threat of new entrants *Threat of substitute products *Bargaining power of buyers *Bargaining power of suppliers