Cips l4m1 - Study guides, Class notes & Summaries

CIPS L4M1 Scope and Influence of Procurement and Supply Questions with Complete Solutions

CIPS L4M1 Definitions- Questions and Answers 100% Pass Cost of Sales Correct Ans-Amount of money directly attributable to the production of goods or services that are sold

CIPS L4M1 EXAM PREPARATION QUESTIONS AND CORRECT ANSWERS STUDY GUIDE GRADE A+ 2024 UPDATE

CIPS L4M1 questions with complete solutions 2024/2025Stakeholders - correct 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 process of engaging the right stakeholders at the right time and understanding and managing their expectations. Global Supply Chains - ...

CIPS L4M1 Exam 200 Questions with Correct Answers.CIPS L4M1 Exam 200 Questions with Correct Answers.CIPS L4M1 Exam 200 Questions with Correct Answers.

CIPS L4M1 Exam Questions and Answers 100% CorrectCIPS L4M1 Exam Questions and Answers 100% CorrectCIPS L4M1 Exam Questions and Answers 100% CorrectCIPS L4M1 Exam Questions and Answers 100% CorrectCIPS L4M1 Exam Questions and Answers 100% Correct 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 categori...

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. Define supply - ANSWER Supply is the infrastructure which ensures goods/services can be delivered Define value - ANSWER Value is the worth of something, the difference between what we pay and what a pot...

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 ordering and buying something. What is Supply? - ANSWER Is the INFRASTRUCTURE which ensures that products and services get from supplier to the customer.

The CIPS L4M1 exam covers procurement and supply fundamentals, and include a mix of objective and constructed response questions all answered 100% verified correct!!

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 unable to be touched or grasped; not having physical presence Procurement elements - ANSWER 1. Added Value 2. Cost