What is a strategic buyer - Study guides, Class notes & Summaries

CIPS L4M2 LATEST 2024 ALREADY PASSED Re-buy It is not necessary to specify a new specification or to source the market. Call-off or framework agreement. A preferred supplier is in place Modified Buy Review of existing contract requirements and making any necessary amendments such as to build additional benefits, streamline the business or to establish new KPIs/SLAs. Where some of the specification or requirements have changed. New Buy A new purchase outlines requirements that have...

What does the strategy making, strategy executing process entail? - Answer-1. developing a strategic vision that charts the company's long term direction, a mission statement that describes the company's purpose, and a set of core values to guide the pursuit of the vision and mission 2. setting objectives for measuring the company's performance and tracking its progress in moving in the intended long term direction 3. crafting a strategy for advancing the company along the path managemen...

MAR 3023 Exam 4 Questions & Answers 2024/2025 What is Promotion? - ANSWERSThe link between manufacturer and the buyer, they are trying to influence the consumer and inform them about the benefits of the product and persuade them to buy the product Promotion Mix - ANSWERSThe levers and strategic tools that companies can use to turn the dial in terms of how you become aware and persuaded of a particular product Advertising - ANSWERSa paid, non-personal communication about an organizatio...

CIPS L4M8 Chapter 1 Questions and Answers 100% Pass The 13 Stages of the Procurement Cycle - Correct Answer ️️ -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 Sta...

CIPS L4M8 Chapter 1 Questions and Answers 100% Pass The 13 Stages of the Procurement Cycle - Correct Answer ️️ -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 Sta...

L4M8 Procurement & Supply in Practice Exam Questions And Answers (Verified And Updated) How many stages are there within the CIPS Procurement Cycle? - answerThe CIPS procurement cycle has 13 stages: 1. Understand need and develop a high-level specification. 2. Market/commodity options including make-versus-but assessment. 3. Develop strategy/plan. 4. Pre-procurement market tests and market engagement. 5. Development of required documentation, e.g. request for quotation (RFQ). 6. Suppli...

What are the primary steps in the strategic souring process? -Correct Answer -Research & Analysis -Initiative Planning -Supplier Selection -Contract Negotiation What is the objective of the sourcing process? -Correct Answer To achieve the "lowest landed cost" position for a specified product quality, quantity, and terms & conditions direct vs. indirect purchases -Correct Answer -Direct = Goes into final product (Wheels on a car) ~ raw materials, semi-finished products, finished ...

Which 3 parties would a sell-side advisor meet with when conducting due diligence? Which party would the sell-side advisor NOT meet with? correct answers WOULD meet with: -Auditors, consultants, company management WOULD NOT meet with: -The company's customers Which is a ratio that a sell-side advisor would generally not be concerned with when determining an appropriate valuation? correct answers Dividend payout ratio (b/c the company is being sold) What type of buyer would a target com...

What are reasons that companies expand into foreign markets? - Answer-1. to gain access to new customers 2. to achieve lower costs 3. to gain access to low cost production Companies are often motivated to enter foreign markets to _____. - Answer-take advantage of new resources and capabilities A company may find it easier to operate in one country than in others because of the country's - Answer- 1. advantages for specific value chain activities 2. strong economic conditions 3. favorab...

AIPMM CPM Certification Questions and Answers Rated A+ Product lifecycle stages 1. Introduction 2. Growth 3. Maturity 4. Decline Product manager Product Managers investigate, select, and drive the development of products for an organization, performing the activities or product mgmt. Product Marketing Manager Act as the voice of customer to the rest of the product team and company. Business Model Framework that describes the rationale of how an org. creates, delivers, and captures value Reas...