L4m1 cips - Study guides, Class notes & Summaries
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CIPS L4M1 Scope and Influence of Procurement and Supply P1/4 QUESTIONS & CORRECT SOLUTIONS(GRADED A)EXAM BUNDLE
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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 & CORRECT SOLUTIONS(GRADED A)EXAM BUNDLECIPS L4M1 Scope a
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Answered) CIPS L4M1 Scope and Influence of Procurement and Supply 2023
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Answered) CIPS L4M1 Scope and Influence of Procurement and Supply 2023
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L4M1 - CIPS: Scope and Influence of Procurement and Supply Exam Questions & Answers 2024/25
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L4M1 - CIPS: Scope and Influence of Procurement and Supply Exam Questions & Answers 2024/25 
 
 
Artificial Intelligence (AI) - ANSWERSMachines that display human-like intelligence 
 
Assets - ANSWERSThe value of everything an organisation owns 
 
Audit - ANSWERSA systematic inspection of a process or procedure to assess compliance with requirements or regulations 
 
Batch Quantity - ANSWERSAmount of products produced at a time 
 
Benchmark - ANSWERSCompare an element of one business, such as pr...
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CIPS L4M1 - Question & Answer 2024 with complete solutions
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CIPS L4M1 - Question & Answer 2024 with complete solutions 
 
 
O1. Outline FIVE differences between purchasing goods and purchasing services. - ANSWERS1. 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 'perish' immediately on delivery whereas goods can be stored until required 
5. Products are easier to specify, being tangible 
 ...
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CIPS L4M1 EXAM SOLVED 100% CORRECT!!
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CIPS L4M1 EXAM SOLVED 100% CORRECT!!
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CIPS L4M1 - Question & Answer
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CIPS L4M1 - Question & Answer
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CIPS L4M1 - Key Phrases questions well answered graded A+ 2024/2025
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CIPS L4M1 - Key Phrases questions well answered graded A+ 2024/2025artificial intelligence - correct answer Machines that display human-like intelligence 
 
Assets - correct answer resources owned by a business 
 
audit - correct answer A systematic inspection of a process or procedure to assess compliance with requirements or regulations 
 
Batch Quantity - correct answer Amount of products produced at a time 
 
benchmark - correct answer Compare an element of one business, such as price, ...
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CIPS L4M1 Scope and Influence of Procurement and Supply Questions and Answers Graded A+
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CIPS L4M1 Scope and Influence of 
Procurement and Supply Questions and 
 
Answers Graded A+ 
 
What is Procurement? 
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? 
Is the ACT of physically ordering and buying something. 
What is Supply? 
Is the INFRASTRUCTURE which ensures that products and services get from supplie...
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CIPS L4M1 QUESTIONS AND ANSWERS GRADED A+
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CIPS L4M1 QUESTIONS AND ANSWERS 
 
GRADED A+ 
 
Stakeholders 
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 
a dynamic worldwide ne...
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CIPS Exam Bundle Graded A
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Exam (elaborations)
CIPS D4 QUESTIONS AND ANSWERS FULLY SOLVED


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CIPS Gateway to Procurement & Supply (L3) - Sourcing Questions with correct Answers


Exam (elaborations)
CIPS L4M1 - Question & Answer Past exam questions and Answers 2024


Exam (elaborations)
CIPS L4M1 QUESTIONS WITH CORRECT ANSWERS 2024


Exam (elaborations)
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